Here's the movement in the pair...
EUR/USD 5 min chart
There's a negative divergence starting just as the EUR/USD hit the highs
The Euro single currency future doesn't look bad, but it does look like its running out of momentum
The USDX has a positive divergence
We'll have to keep an eye on whether the USD starts to overpower the Euro
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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