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Hot and cold a month later — Chris Kimble updates his ongoing analysis of the Euro-Dollar.
Chris comments: In my June 14th chart duo, the Dollar was hot and the Euro was cold. But from a pattern analysis, it looked like the extreme movements were about to change.
Today we get another look at the movement of the currencies in opposite directions. With longer-term support and resistance giving way of late, the spread between the two should get even wider.
In the past when the Euro rose and the Dollar declined, stocks and commodities benefited with upside movements. This time different?
PS: Here's an illustration of the Euro-Dollar trade.
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