EUR/USD December Déjà vu?
Chart Prepared by Jamie Saettele, CMT
-There is no change to the EUR/USD daily analysis other than noting that this December might end up similar to last December! “The action at the trendline could be a ‘fake-out’ that results in a broader reversal…One reason to suspect that the drop under the trendline was a trap is that USD/CHF poked to new trend highs and reversed on Wednesday while EUR/USD held the low. This non-confirmation of USD strength warns of a more important inflection point.”