First blog post of the day here for me, so let me make it a quick one.
See the chart below…the EUR/USD is at a three year downtrend line (resistance?). I have no bias as to the next price move here but that is not the point anyway…I am much more interested in looking for clues about the overall equity and hard metals market.
By the way, the Euro broke higher out of a similar albeit much shorter-term downtrend line against the Swiss Franc recently. Is it about to do the same against the greenback? Dunno, but I surely will watch this closely.