USD liquidated vs old Europeans
Forex NewsWhat a rush in EUR/USD and USD/CHF… the 2 units are trading way out of bounds with the USD way oversold at the moment against the 2, and with Cable so far not following the move (bearish divergence still possible there…). Very much the opposite as seen yesterday, and certainly too much too fast for today. We should definitely see some correction here, although today being Friday, this could be delayed until Monday.
However, technically speaking this has put EUR/CHF back to where it belongs, ie, back to normal from extremely aberration yesterday.
