DislikedAlthough the 20 sma on the 8 hour bar yielded this morning the 20 sma on the daily held against quite the onslaught of the Euro bulls.
For whatever the reason if one looks at the daily going back for 1 year the 1.3840 level has been the demarcation line between an upper and lower trading ranges.
20 sma is 1.3847
Now I cannot blame those who despise the USD for what it has become, but is the Euro so superior?
What is evolving is political chaos descending upon Europe. How that will buttress a solution for sovereign debt is questionable...Ignored
patience is a virtue