EURUSD: Failed High
Technical Commentary:
(1) Failed High
(2) VPA confirmation with weakness
(3) H&S Pattern
(4) Support tested and slightly breached
(5) Middle of bar resistance
Fundamental Commentary:
USD strength may come in with the FED beginning to normalize, reducing the size of the balance sheet, actions that will send yields higher and bring strength into the USD (and possibly a positive trend).
(1) Failed High
(2) VPA confirmation with weakness
(3) H&S Pattern
(4) Support tested and slightly breached
(5) Middle of bar resistance
Fundamental Commentary:
USD strength may come in with the FED beginning to normalize, reducing the size of the balance sheet, actions that will send yields higher and bring strength into the USD (and possibly a positive trend).
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