In spite of all the rhetoric talk we heard last week from Draghi, this euro rally has got to be seriously bothering the ECB. I am not sure about this but are we on the brink of a massive currency war right here? We have been in one but this one isn't that obvious. Ps. A way to strong EURO is very bad for the economy as it will eventually make Europe way less attractive to import goods from (trade with).
EURUSD, earlier today we went down into the blue box. Not surprising as this was a strong support zone, note the multiple bounces from it. We now have a new box, the red one.
I am currently watching the EURAUD. It has been slightly rejected by the 261.8 Fibonacci extension. Potential for a little pullback before continuing again. ~~MyHedge~~