CLICK ON CHART TO ENLARGE
The EuroUS$ might have created a bullish inverse Head & Shoulders pattern over the past year.
Recently the EuroUS$ broke above resistance/neckline and looks to have tested it as support and is pushing quickly higher at (1).
The above chart reflects a high degree of correlation between the EURUS$ and Silver. Should the bullish inverse Head & Shoulders read be correct and the EuroUS$ continues to rally, it could be sending a positive signal to Silver and Gold.
–
