...I have no idea what, if anything, the euro chart is telling us although, if this were an equity I'd be watching for a developing cup-n-handle formation to challenge the September highs:The US dollar index was at 93.66, the euro was at 1.1840 with the handle just starting to tail down to, I think, 1.1732 close (1.1725 intraday?) on the 19th.
Today the dollar index is at 92.73 -0.49, the euro is trading at 1.1931 +0.0082 and the little cup with it's handle over on the far right has those September Euro highs in it's sights:
Always bearing in mind the old traders' lament: "As soon as you think you've found the key, they go and change the lock."
