The insane drop in the euro currency and surge in dollar (what it means). The EURUSD (euro-dollar) currency has fallen for 11 consecutive weeks (eleven weekly red bars) from a high above its 50 weekly average, something which has never happened before, as far as we are aware. Similarly the US dollar has continued to surge higher for 11 consecutive weeks. But is this the sign of a major trend reversal in the euro and dollar currencies, or can this be part of a correction? Although the euro is currently oversold (and dollar is overbought), could the moves still extend further? We discuss with forex trader Charlie Burton. Video by Alessio Rastani.
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