Euro-Crosses should Extend Even Higher In Risk-On *LINK* *PIC*

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USD has been trading higher against its rivals during the Asian trading hours. AUD, GBP and CAD are still one of the weakest while JPY is trying to find some support for the near-term. Larger picture of the markets remains unchanged but still very messy.
Below we have an overlay chart between some major FX currencies compared to S&P Futures and Crude Oil. We can see a strong negative correlation between FX pairs where only the EUR is moving higher in-line with risk-on assets, such oil and S&P. Honestly, we do not like divergences too much, especially not between aussie and S&P which in fact could be signaling for a coming pull-back on stocks.
Overlay-Daily

http://www.ew-forecast.com

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Euro-Crosses should Extend Even Higher In Risk-On *LINK* *PIC*

Re: Euro-Crosses should Extend Even Higher In Risk *NM*

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