The EURUSD has not looked back since popping higher last Thursday. The cross is now up around three hundred points since that point. It is hard to say what has sparked this short-term rally. It could be expectations for further easing out of the FOMC. But, gold and silver have not followed along. The rally could be due to expectations that the German high court is going to rule in favor of the ECB program. Thus ushering the possibility of Draghi's proposed bond purchase program. Either way the pair has rallied impressively in the short-term. Support now begins at 1.2020. If the pair remains above this level a push up towards 1.0330 could be in the cards.
Keane Plan...Looking for a pullback.
To Access Yen Talk, Currency Watch Video, Wake Up Call, Current Trade Setups and Private Twitter Click HERE
Non subscribers can have a 1-week free trial HERE