Reaching 61.8 Fib with major daily resistance zone
$EURUSD continues to fall but the $DAX is climbing towards the 61.8 Fib
Which one of these underlines is hinting about the future direction of the Euro Zone markets?
Is it the Euro that despite the Greek deal and the successful vote on Greek parliament still isn't satisfied? Or is it that $DAX that is rallying towards the ECB press conference and towards the German vote tomorrow?
One thing is certain - There's a huge problem with correlation here which is probably another result of the latest currency wars.
Which one of these underlines is hinting about the future direction of the Euro Zone markets?
Is it the Euro that despite the Greek deal and the successful vote on Greek parliament still isn't satisfied? Or is it that $DAX that is rallying towards the ECB press conference and towards the German vote tomorrow?
One thing is certain - There's a huge problem with correlation here which is probably another result of the latest currency wars.