FXE Euro Weekly Chart

FXE Euro weekly chart shows a negative divergence smack down in late 2009, then a textbook two-leg bull flag during last summer's rally into Fall 2010. Technically, the chart is not tipping its hand. The Euro price is very much news related now and many view Europe's hawkish leanings more favorable relative to other currencies, hence the recent buoyancy.

This chart has a sideways look to it moving forward. The rising wedge hints at a pull back but there is no negative divergence to reinforce this move. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.