I wrote in my FX Weekly Report that the month-end could give way to a final thrust, up to the highs of the beginning of the month. Indeed the most recent move on the EUR/USD opens that door.
We are at crossroads on where the price action could go next. Ideally a 3 wave pull-back and continuation would point higher, whereas a drop below 1.38 opens the door to strong downside potential.
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Hi Pierre,
euro clear 1.4000 level, dollar index fell form 81.30 to 80.30 approx 100points. Interesting thing is that the dollar index stand around 50% of its high and low.Fx market recover its yesterday losses as the Equity market don’t . It doesn’t look that this break out of euro is to make lower high and dollar index resume its bullish run to weight on fx and equity markets bearish.