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One month ago, veteran technical analyst Chris Kimble called our attention to the Euro-Dollar spread: Euro in the Driver's Seat? Today, Chris has his update.
Chris comments: Time for some more "pocket change/harvesting."
Suggested to "buy the Euro and Short the dollar" based upon the power of the pattern.
The spread gain is around 7% from one month ago today. Let's put the gains in our pockets, go to cash and await to see what the currency markets do from here.
The chart below is an illustration of the Euro-Dollar trade.
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