European industry wants a weaker Euro – and it looks like they’ll get their wish. The Euro is sitting on the edge of 1.35 and ready to jump off. Should get exciting in the next week.
Meanwhile the US Dollar is getting ready to break above weekly Resistance and that would take it into an uptrend on a high timeframe chart – which means it could last a while.
We haven’t had any sustained breaks of weekly Support or Resistance for 2.5 years – so we’re ready for the next trend move.
Good luck with your Emini trading.
