Maybe this is a massive money supply flag. We have support on the ribbon. Stochastic RSI confirms it.
I don't know if this even makes sense, since CURRCIR is a subset of M2SL.
On the other hand, who would have thought that in 1990s currency in circulation would increase by 50% in less than a decade.
Or is there a ceiling prohibiting more increase?
Also look at...
Don't you have the question on why did Euro bounce off $0.95358, and not in some other weird ratio??? This chart explains it.
A larger look on the chart.
One could compare the ratio between EUM2 and M2SL to get an idea of the money supply ratio between the two "unions".
Since I THINK that EUM2 is measured in supply of Euros, we should normalize the data....