ICFX

EURO broke through 200 EMA

Short
TVC:EXY   Euro Currency Index
After looking at euro / dollar charts since 1972, I realized that the most recent euro high was a pullback (backtesting) to yearly trendline which it broke in the end of 2014. The old yearly trendline became a resistance now. This thing is called the change of polarity. And now we are just starting to drop back from it down again. Expect a further bearish euro rally next days to the next fib level / previous high. The same concerns CHF and GBP as those currensie follow EURO pretty close.

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