KrunchieKilleen

EUR/USD FLATTENS OUT

FX:EURUSD   Euro / U.S. Dollar
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The US Dollar is over-priced, but interest rate disparity continues to press the Euro downwards. There should be a EUKR/USD spring-back after yesterday's down-spike, but since the over-all motion is back towards my projected long-term Support Line (the green dotted line), this spring-back will be weak. Whether it follows the gradual fall of the curved line or plunges down, I still project the dotted green line as the best guess of the slope of the Euro's emerging uptrend.
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