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Is King $ and the Euro facing important breakout/breakdown tests at the same time? It looks like it in this chart.
The US$ trend remains up, as it has created a series of higher lows since the start of 2018. The opposite can be said for the Euro, as it has created a series of lower highs since early 2018.
The US$ is currently testing the top of its 18-month rising channel, as the Euro is testing the bottom of its falling channel.
What King $ and the Euro do at these channel tests, should send an important message to the metals/commodities markets in the short-term!
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