The Euro and the Japanese Yen have been locked in a battle for the biggest loser among the majors this year. The central banks behind both currencies have engaged in a massive campaign of Quantitative Easing. This is turn had the side-effect of turning the Euro and the Yen into risk-off currencies. In other words, during times of high uncertainty and stock market losses, these two get bought up as the previous risk-on moves get reversed.
But enough of the fundamentals. In the technical space, we…
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