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Chart of the Day - Waiting on the Euro to Bottom


 -- Published: Tuesday, 19 July 2016 | Print  | Disqus 

By: Gary Savage

WAITING ON THE EURO TO BOTTOM

Iím just waiting for the euro to confirm a final intermediate cycle bottom. Itís now very late in the timing band at 33 weeks. So the bottom could occur at any time. My best guess is the euro will bottom and the dollar will top on, or the day before, the FOMC meeting next week.

The intermediate trend line has been broken. This needs to happen during cycle lows to get technical traders on the wrong side of the market. We are waiting for the trend line to break in gold.

waiting euro bottom

http://blog.smartmoneytrackerpremium.com


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 -- Published: Tuesday, 19 July 2016 | E-Mail  | Print  | Source: GoldSeek.com

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