Has Near 2-Year Climb in EUR/USD Run Its Course?

The EUR/USD bumping up against its 6-year resistance line in the vicinity of 1.4000, with ECB Head, Draghi, indicating that Euro-zone deflation is the real threat to growth and stability.

Also, with the ECB exploring "extraordinary means" to create inflation (sound familiar?), the Euro might be on borrowed time "up here."

The March high was not confirmed by weekly-momentum gauges, which is a warning signal that the technical underpinnings of the near, two-year climb are weakening.

The combination of institutional will to halt Euro strength, and upside technical exhaustion could be a prescription for a considerably weaker EUR/USD.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!