EURUSD H&S neckline at 1.4529.
As expected EURUSD hugging 1.4400 going nowhere. Euro testing 1.4370.
Awfully boring...........
Would EURUSD retest the neck line 1.4529 and negate the entire H&S scenario ?
Look at implied interest rate, market is seeing 4.00% for Jan 30 FOMC. While Eurodollar Futures say 4.00% by ECB for the rest of 2008. And DAX is expected to perform better next year.
Another 516b USD for government agencies operations incuding those in Iraq, Afghanistan, etc. . While the European is stingy on their Afghanistan deployment. What a contrast.
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