The Fred Report - Monthly December 2019
FXE has hit downside targets at 103 or so and has rebounded. We recommended taking some positions in the Euro in the 105-area, and now we have a buy signal on the monthly chart, suggesting this could rally in December and possibly January. The Dollar has made higher lows on corrections throughout 2019, but it is near long-term resistance and could pause, or even have a sharp drop, at least in part based on the action in the Euro.
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