The Euro Is Testing Critical Currency Support Right Now!

There are a lot of implications in play with today’s chart. Traders of currencies, commodities, equities, and bonds should pay attention.

Today’s chart looks at the Euro FX currency and why it’s at a critical juncture.

First and foremost, the Euro is testing an important trend line support.

As you can see in the chart below, the Euro is testing its higher-lows trend line. Holding this support is critically important for Euro bulls.

It’s also important for Gold bulls. Why? Because a strong Euro means a weaker US Dollar… which means a tailwind for Gold (and other commodities).

So Gold bulls are hoping the Euro holds support here. Stay tuned!

Euro Currency Chart

euro currency testing support long term rally forecast chart february 11

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Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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