Veteran technical analyst Chris Kimble has kept us informed about the Euro-Dollar spread. Here are two of his many posts on the topic:
Here are Chris’s latest thoughts:
The rally in the Euro over the past month, most likely has something to do with the rally in Copper, Base metals, oil and stocks. Now the Euro is facing Fibonacci resistance as well and channel resistance.
The trillion dollar question: Can the S&P 500 index, the NDX 100 and the Russell break respective necklines? See the chart below for the current situation.
I suspect you’ll discover the answer to that question by seeing if the Euro has any legs/kick left in it!
