EUR/USD Update Tracking for $USD Purposes

I am stalking this chart because when this breaks out or breaks down it will affect are $USD aka /DX dollar. So you can see it is trading within a triangle and at the same time it is trading within the big yellow channel. If it stay below the 50% channel line of the yellow channel I will remain bearish on the EUR currency and more bullish on the USD. Bullish USD usually means weak markets and commodities. We are still months away from apex of this EUR/USD triangle so I will continue to stalk it. CGT




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