STILL FASCINATED WITH CHARTOLOGY
The Euro is in a serious but rather controlled demolition so far
DAILY : LOOK at how all rallies fail at the 50 dma and look at how the downtrend has been hit multiple times
SO…we have a line in the sand…the Dollar Rally ( opposite of the Euro Crash ) will continue until this line and the 50dma are decisively breached .
WEEKLY: This really shows the parabolic nature of the “crash”…which started shortly after the Ukraine War began . Coincidence or Putin’s Fault ?
oh…look …
Eur/Rubles chart is like an arm wrestle between Putin and Ursula von der Leyen. I think the sanctions became the last straw for European market sentiment.