The EURUSD is the most important indicator. The Euro has fallen 22 percent in one year and the dollar risen by 22 percent. 1,04 has given support and a start of an eventual up trend is in place. Now holding at 1.0950 for the second day but must go higher from here to get an upside break confirmed. Europe wants the euro to fall further and the US wants the down trend to stop and reverse.None of the two blocs can do anything just watch and hope. This market is the biggest in the world and too big to manipulate. The very small movements today among the stock indices reflect exactly the movement in this currency pair which I call just EURO in the charts.
The US indices look exactly the same and all of them need to take new highs for this bull market to continue. The European indexes are now sideways at their tops.
The US indices look exactly the same and all of them need to take new highs for this bull market to continue. The European indexes are now sideways at their tops.
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