EUR/USD touched 1.1614 this week — the highest since early May — before pulling back to 1.1574. The pair has now rallied 3 cents from the June low of 1.1325, and it’s approaching the level that separates “correction” from “trend change”: 1.1620. Why 1.1620 matters It’s the convergence zone of three technical markers: the May […]
EUR/USD closed the week at 1.1404, and the valuation crowd is getting loud. On purchasing-power parity, the euro is historically cheap. On fair-value models, it’s 8–10% undervalued. So is 1.14 a generational buying opportunity? Maybe. But let’s be honest about what valuation does and doesn’t do. Valuation is a compass, not a clock Undervalued currencies […]
After five weeks of almost uninterrupted strength, the dollar rally is showing its first honest signs of fatigue. EUR/USD has based around 1.1386 after touching 1.1325 last week, refusing to make new lows despite repeated tests. USD/JPY has stalled at 161.8, unable to extend beyond the mid-June highs. GBP/USD found buyers at 1.3143 and has […]
The euro’s slide is no longer a drift. It’s a trend. EUR/USD ended the week near 1.1459, down from 1.1635 at the start of June — a decline of roughly 1.8% in two and a half weeks, with the pair slicing through 1.15 like it wasn’t even there. On Wednesday alone, the pair fell from […]
The euro’s spring decline has crossed a psychological threshold. EUR/USD traded down to 1.146 on Wednesday, its lowest level in over a year, completing a 300-pip slide from the mid-May highs. The June breakdown through 1.15 has been swift, orderly, and — most telling of all — largely ignored by the financial press, which remains […]