This week The chart of the week is the Euro vs the US Dollar. Well everyone is massively bullish the dollar, the euro has been trading very technical and is putting on a very very bullish pattern. With a failed break down and then a hold of multiyear support the euro looks ready to rip much much higher into the 1.10-1.12 area VERY soon.
Technicals – Failed breakdown, Test of support and held, Trendline break, Weekly RSI rising.
Fundamentals – Oh the ECB has decided to raise rates this year 🙂
All aboard this train baby.