Euro's Rally Thursday Isn't the Sort That Will Reverse Down Soon
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: The euro’s rally Thursday isn’t the sort of rally that reverses down soon. It’s probably not yet peaked either. But this pattern cannot afford too much hesitation before extending higher. Dollar Basket Mar Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) Not gaining any traction on the two prior sessions’ rallies up to 80.75 made a reversal down to 80.20 likely. Thursday’s ...
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