Friday, January 25, 2013

Chartology: Why European Exporters are worried (EUR/USD)

If the yen is falling versus the dollar and the dollar is falling versus the euro who will Germany export to?

From Kimble Charting Solutions:

Two bullish inverse head & shoulders patterns continue to influence the Euro in a positive way, as the Euro breaks above dual resistance lines of late.
Joe Friday says....If history is a guide, a higher Euro is a positive influence on the broad markets.