ForceFollower
Long

EUR/USD After the Flush

FX:EURUSD   Euro / U.S. Dollar
107 1 0
The recent sell-off has caught me by surprise, so I believe at least a small retracement is due here. The euro             is not that weak, it's the US Dollar             strengthening lately (more than I expected). The pair seems to me unable to lift itself above the structure of sliding parallels though. I'll be watching it.
Yeah, the USD is having trouble staying below $79 at the moment --and USD pairs are showing it. It's a matter of time before there's a direction bias again on USD, too soon to say it's the start of an upswing.
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