The US dollar continues to soften a bit, as we continue to see a lot of questions asked about the yields in America, and the overall global trade situation.
The euro rallied slightly during the trading session on Thursday, as we continued to dance around the 50-day EMA. At this point in time, we are trying to change the trajectory of the US dollar and multiple currency pairs, and we’re on the precipice of doing so in a couple of them, but the euro I think will continue to have a lot of overhead resistance extending to the 1.06 level, so at this point I’m not really that impressed. We are still very much worth watching.
