Both the market averages and the Euro are both showing short term negative divergences which are likely along the lines of consolidation, however the slightly longer timeframes are still intact for more upside.
Euro
Euro 1 min relative and leading negative divergence, looks to want to consolidate the quick gains.
Longer 3 min chart is unaffected though and still a positive environment for a bounce to continue once gains are consolidated.
Is interest rates about to start going up?
-
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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