Exploring this potential triangle with the current highs being 62% retrace of bounce from the double bottom base of 1.0500. Short term expecting a move back to 1.07 or as low as 1.0635 with a potential breakout to either direction, most likely to the downside, following negative EU headlines: French elections, Brexit talks, and many other EU concerns that I've...
The euro has tumbled over the last few years as problems in the EZ persist. I wrote an article in December 2011 about the EZ problems in FX Trader Magazine and while I thought the euromageddon would occur within months, the political will of keeping the experiment alive has pushed that window out. Now, 6 years later, with the EURUSD trading almost 30% lower,...
