Herman Richir (1866-1942) The Tea Hour c.1896
Jacques de Vos
Good morning - photo by P Laura
EUR/USD EUR/USD broke below the 78.6% retracement of the late-March range yesterdayWhile below 1.0830 our near-term trend bias is lower in the euroThe 127% extension of the 2005-2008 adavance around 1.0440 looks to be the next major pivot for the rateA minor turn window is eyed around the end of the weekInterim resistance is seen around 1.0685, but only a move through 1.0830 would turn us positive on the single currency ...
EUR/USD Weekly -“BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant.” -A number of calls for parity have been published recently. While the long term pattern suggests an eventual print ...
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