The US dollar remains in a rising channel within long-term channels that point to very different outcomes. The rising white channel intersects just ahead with the larger falling white channel upper bound, the rising red channel mid-line and the 75% bound of the falling purple channel. Whether the red or purple channel carries the day … continue reading →
Category Archives: EURUSD
Interesting setup on DX that happens to complement the SPX/COMP/NYA charts posted Monday afternoon. Check out the RSI trend line support. I’m inclined to believe the next several days will be very good for the dollar. For equities — not so much.Meanwhile, the EURUSD shows signs of finally breaking down. Both the pair and the … continue reading →