FX:EURUSD Euro Fx/U.S. Dollar
At the top of an upswing, the chart indicates the Euro now swinging down against the US Dollar . Some easing of the rate of the downtrend is seen in the recent oscillations, shaded on the chart. The security is now in a strong Long-term , but economic pressure surely continues to strengthen the Dollar against all comers.Today's FOMC meeting can hardly stop the trend. We wait to see how low the present Downswing will go: will its bottom indicate a strengthening of the downswing, or further evidence of a parabola bottom forming?