themarketzone

Reaching 61.8 Fib with major daily resistance zone

FX:GER30   DAX index of German listed shares
80 3 2
$EURUSD continues to fall but the $DAX is climbing towards the 61.8 Fib
Which one of these underlines is hinting about the future direction of the Euro             Zone markets?

Is it the Euro             that despite the Greek deal and the successful vote on Greek parliament still isn't satisfied? Or is it that $DAX that is rallying towards the ECB press conference and towards the German vote tomorrow?

One thing is certain - There's a huge problem with correlation here which is probably another result of the latest currency wars.
BTD entry was around 200MA (10750ish for me). Now it's just sit and hold, shrinking position along the way, selling some to weaker hands in August while making new ATH's. Good stuff.
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TomPip TomPip
100MA*
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TomPip TomPip
Wait, ignore that.
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