EURUSD

EURUSD is attempting a bullish IHS. Initial resistances is right on the falling trendline at 1.30, then 1.3155  of 38.2% fib extension. It would be a major positive for the broader markets if it were to clear these 2 major resistances & form the IHS in earnest. I don’t believe it’ll be that rosy for it considering its lower high trend.

EURUSD is the most traded forex pair daily in terms of value & has major risk “on” “off” implications for the macro picture.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s