Monthly Archives: August 2018

Possible Head and Shoulders Top in Euro

The euro appears to have carved out head and shoulder top. As this Great Graphic depicts, the euro was sold through the neckline at the end of last week and is 1% below it today. It is not unusual for the neckline to be retested. It is found near $1.15. It also dovetails with our near-term…

Weekly Technical Perspective on the US Dollar (DXY)

In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The US Dollar Index is up more than 9.3% off the yearly lows with the advance now approaching initial topside objectives. Here are the key targets & invalidation…

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