Euro Parallels

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I don’t really trade FOREX, but I watch those charts closely. I find it interesting how cleanly the Euro has been trading. Below I’ve put the symbol FXE (which is the ETF for the Euro), and as you can plainly see, there are two sets of parallel ascending channels that have been bounding the price action. It’ll be interesting to see how the Brexit (should the vote actually transpire) will affect this, although it would seem things are tilted more bullish than bearish.


More importantly, the post title gives me an excuse to put up a picture of Debbie Harry.