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KrunchieKilleen
Dec 17, 2015 11:32 AM

EUR/USD FLATTENS OUT 

Euro Fx/U.S. DollarFXCM

Description

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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