Wednesday, January 18, 2017

Effects Of Dollar's Surge Still Evident

Euro Ready to Reverse?

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The Euro has been strengthening ever since 2017 began, but it seems to me, based on the ETF shown below, that we’re up against a potential reversal point.
0117-fxe
On a semi-related point, as I’ve mentioned, I didn’t sell my DUST long position. I still believe miners will be working their way lower. In spite of this morning’s big surge in gold, the pattern is still reasonably intact.
0117-gdxj