Euro Rallies For 4 ½ Months, Breaks Out Of 12-Year Trend Line, And Runs Into 17-Year Resistance
August 10, 2020 at 03:38 AM EDT
The euro has rallied the past four and a half months, pushing the daily and weekly in particular into overbought territory. However, the currency is sending out signs of fatigue, having been denied last week at 17-year horizontal resistance.
