The Euro was a little touch and go today, but when in doubt, I stick with the longer trends that have less noise.
The Euro 1 min saw some distribution just before it started to decline intraday 1 min, look at the leading positive / confirmation since...
The 15 min chart went from a change in character to a full on 15 min leading positive divergence, something was up.
For comparison, here's the $USD 15 min leading negative, this is all very market positive in the near term, I of course remain bearish on the longer term.
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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