During the past few weeks the euro found support three different times via the 11500-line, which roughly represents the top of the 2015/16 range. Friday’s rip was impressive enough to cast doubt on the notion that the descending wedge developing since late-May will lead to an eventual breakdown.
Should this 3rd attempt to trade lower prove to have given the euro a passing grade, a recovery in the week ahead into the 11800s and higher could quickly develop. Trade above 11720 will have focus on th…
Should this 3rd attempt to trade lower prove to have given the euro a passing grade, a recovery in the week ahead into the 11800s and higher could quickly develop. Trade above 11720 will have focus on th…