Here's the EUR/USD triangle/consolidation that I showed before and probably the most important chart right now. I mentioned in an earlier update that the pattern of the triangle is so obvious that it may see a downside head fake move before an upside breakout. Thus far we have the downside move, now to see if it is the head fake move these usually are and a move above the triangle.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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