euro

A Daily  chart of Spot Euro  showing it Trading below the first  area of concern for the speculators( red line) who are long.The blue horizontal line  at 1.2089 is the old breakout level and likely the second area of Concern for the longs.I pondered earlier as to why dollar was higher along with bonds and stocks.The answer may well be that Dollar is being pushed higher  by unwind of Euro shorts and for now Cares little of what is going on with Bonds or stocks.

gtgdfk

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