You would think the bombings in Brussels would send the euro plummeting. You would think the ECB reducing rates and more QE would send the euro plummeting. You would think the very idea of a brexit that threatens the EU concept would bring down the euro. You would think that political uncertainty in Germany and poor data would bring down the euro. This is my chart.
Arguments in favour of top:
1. 200 weekly MA resistance
2. Overbought CCI and technical.
3. Resistance at ~.79
I'd say risk of Brexit has already been factored into the price.
Arguments in favour of top:
1. 200 weekly MA resistance
2. Overbought CCI and technical.
3. Resistance at ~.79
I'd say risk of Brexit has already been factored into the price.