Euro/USD Spot Seems Poised for a Run Higher
The Euro/USD Spot rate Top 10 matches almost unanimously suggest a move higher.
Instruments EUR USD
The Euro/USD Spot rate Top 10 matches almost unanimously suggest a move higher. Let’s run through some charts and data to support our hypothesis. P+ Matches suggest the last 100-days of the Euro very closely resembles periods in 1979, 1986, 2007, 1990 and 2006, as shown below (and available for our Premium Members every day. )
While the Top Match shows some volatility in its future price activity, the next four best matches show continued moves higher. Again, these are readily available to our Premium Members.
We’d also note that that the match statistics firmly support a move higher, with both the Mean and Median returns pointing higher, as well as as more than 68% of matches going higher in the next 5-days.
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