Trump can try to weaken the dollar all he wants, but as long as interest rates are on the rise and commodity prices are falling we're going to see a breakdown of this bear flag. Someone say Ki-Wheeeeee???
Triple wammy. EURUSD -0.71% rallied on the rumor of rising interest rates, and the pain of a weakening dollar alone. Now it's time to buy the rumor, sell the fact that ECB will not be raising interest rates due to providing solvency for countries. There are tons of problems still in the Eurozone, Brexit now taking effect, and USD rates on the rise its time to...
Euro Yen has finally failed the pivot point resistance on the top and broken below its daily trendline to the downside. Hop in, shut your computer down, and wait for a new low below 110. She's coming.
Overextension to the upside running in to resistance confluence and Friday flows, with a minor risk off sentiment hitting the market (AUDUSD, NZDUSD, SPX down). Bounce to TL support expected.
