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Jim Wyckoff

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Currency Markets On the Move; Euro Sputtering

April 26, 2018 by Jim Wyckoff

If you trade the currencies, you certainly noticed that the past couple weeks have seen stronger-trending price moves. The question is, are these moves sustainable? History shows that price trends in the currency markets tend to be stronger and longer-lasting that price trends in other markets. See on the daily bar chart for the Euro currency futures that prices are in a downtrend and have this week hit a 3.5-month low. The Euro bears have downside momentum to suggest more price pressure in the near term. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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