FXE Euro weekly chart continues with the rising wedge, now approaching the Fall highs. The price move has a negative divergence set up but it will not be diverged unless price moves above the prior highs. Nevertheless, it is hard to see the MACD histo levels coming back up to the Fall highs. Euro appears to be topping in here and heading back down for a rest. Watch to see if the 200 MA can maintain a resistance ceiling.
Long term, cannot discount a move up to the 150 area but economic events need to play out over the next couple months to allow better visibility. 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.
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