As can be seen from the following Monthly chart of the EUR:USD Forex pair, after today’s (April 23) first round of the French Presidential election, price is currently in a battle to regain a foothold above major resistance at 1.09.
A break and hold above this level could see a further push to the next major hurdle around 1.15. At the moment, the Momentum indicator is still below zero…watch for a confirming break and hold above that level on such an upward push. Otherwise, failure to break above 1.09 with conviction could see a retest of 1.03, or lower.
Greetings and felicitations from the bowels of the Baltimore Convention Center. I’ve never stayed in “Charm City” before, and the only reason I’m here is – – well, I don’t even have to tell you. Did you know that 10% of the city is addicted to heroin? I didn’t. Ten. Percent. Isn’t that incredible? Suffice it to say I won’t be moving here.
Besides the aforementioned obvious reason for my presence here, I also took my beloved son up and down the region to visit colleges. He’s rather young for that sort of thing, but we might as well while we’re here. We looked at Penn, Haverford, Swarthmore, and my love of the rural versus urban environments became ever more clear to me. Swarthmore in particular is an idyllic campus. (more…)