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Clarifying The Mixed Technical, Fundamental Picture
Overall Risk Appetite Steady-To-Higher: Bullish For The EURUSD Given that overall risk appetite, as reflected in the major stock indexes (especially for the US and Europe) is a primary EURUSD driver, we start by noting that our sample of weekly US and European index charts shown below continue to trend higher or are holding recent gains and remain in narrow trading ranges. Weekly Charts Of Large Cap Global Indexes With 10 Week/200 Day EMA In Red: LEFT COLUMN TOP TO BOTTOM: S&P 500, DJ 30, FTSE 100, RIGHT: CAC 40, DJ EUR 50, DAX 30 FOR S&P 500 AND DJ EUR 50 Weekly Chart October 2012 – Present: 10 Week EMA Dark ... (full story)