The charts tell us up for EUR/USD now that we have a double-bottom pattern in place. The measured move objective is the 1.3910 level.
I’d feel a lot more comfortable on the long side if Germany wasn’t actively trying to downplay the notion that the deployment of the Greek package is inevitable. Clearly they are playing domestic politics, but domestic politics also plays into the hands of the euro-skeptics.
Rule number 2 of our three little rules is always side with the techs when fundamentals and technicals diverge…
