The morning has brought about (again) a push lower in the U.S. Dollar but it seems that along with the USD weakness another story is justifying the EUR bulls.
I want to mention that the “story” doesn’t always precede the price move in a public way. The EUR is the beneficiary of the flood of JPY looking for yield in Europe (and across the globe) and since the USD can’t seem to get out of its own way, the EUR continues to run stops higher because – for now – that is the path of least resistance!
I wrote a short article about that here
There are three ways that a pair can land on your radar and not so coincidentally, there are three ways that you need to analyze/understand a pair too!
I recorded this video to explain it: