EURUSD: Potential Reversal?

Since hitting the multi-decade resistance in Aug, the EURUSD has been range bound. It is really hard to imagine why the EURUSD would finally break the multi-decade resistance considering both central banks are engaged in debt monetarization and debasing their respective currency.

Considering the big up-move in the EURUSD coincided with the big ramp in US equities, and with the S&P500 hitting a decade-long resistance, the odds for a risk-off scenario in EURUSD and US equities are significant.