KrunchieKilleen

EUR/USD FORMING BOTTOM

FX:EURUSD   Euro Fx/U.S. Dollar
77 0 2
Having risen for 6 months from Mar, the Euro             took a drop in October (when I went on holiday and) on news that US interest rates are to rise before year end, while Europe would continue its low rate policy. News that Great Britain may commit Euricide probably had no effect, since Sterling continues strong, Brexit is a long way off, and its exit would be slow and negotiated in great detail. I would guess that the October down-trend is now bottoming out, but the re-emergence of its uptrend will be slow.
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