Buy the news! Euro sports a Draghi

Who was short the Euro on Draghi Day? For that matter, who was long Uncle Buck? I mean I am long plenty of Uncle Bucks because I have a high cash position. But who was trying to game the ECB?

Come on, admit it boyz and girlz.

euro 5 min. chart

 

We had noted the wedge (or ending diagonal, as EW’s might say?) on USD in an NFTRH update yesterday. Here’s the daily UUP equivalent. Uncle Buck is in a bull market, though a correction was likely because this is the market that wants to put all robotic, automatic thinkers off sides occasionally just to keep things interesting.

uup daily chart

 

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