Rally in the Euro most likely has helped a few stock markets around the globe over the past few weeks. Wonder if this level will impact the Euro and a few asset plays? If long due to the Dollars bearish wick last week, not a bad place to protect long values with a new trailing stop.
A week ago today I shared that the Dollar was breaking short term suppport and creaking a bearish wick, which was good for the risk trade…the action in the Dollar helped the Euro a ton! (See post here)
- Euro extends gains along with stocks (marketwatch.com)
- Long Overdue Short Covering In EUR Begins After 7 Consecutive Weeks Of Increasing Bearishness (zerohedge.com)