A welcomed rally in the euro against the US dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    With the ECB in the rear view mirror one of the repercussions seen elsewhere is the Dow Jones trading slightly lower, the euro considerably higher and holding the rally, together an expression of unwinding of euro carry trade; Trend line studies on both charts (arithmetic scale) imply a change of price structure around the 15th December, which can take the form of a reversal or acceleration, coincidentally around the date when the Fed is expected to shake the markets; I could close all long

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