TheLazyBrother

EURUSD coiling beneith resistance, IHS still not completed

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FX:EURUSD   Euro / USA-dollar
EURUSD is congesting below 1.1400 level, and the falling neckline. 1.1450 will be the ultimate test of the bull case. Note rising momentum indicators that confirm price move for quite some time, and are at neutral 0.00 level, eventual rally from this point would push them clearly into positive territory.

Interest rates are plunging and fueling EURUSD rise, as well as rally in gold. Please also consult my previous post comparing 2y rates and EURUSD prices, link provided below.

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