USD vs. Euro - Weekly views

NFTRH has followed the USD's 'weekly bear flag' in anticipation of a decline to the daily SMA 200 for nearly as many weeks as there are candle sticks in the flag on the weekly chart. That is because we started out following a daily bear flag that got kind of busted up in the second week and immediately morphed into what was then a 'potential' weekly flag. Now it is time to look for what comes next in Uncle Buck. Here is his currency nemesis, the euro as well.

I am not a currency micro manager and have no big interest in the FOREX casino. But in the event you do, EWI is running a free week on FOREX and as you know, I highly recommend all their Free Weeks and the educational, free and non-intrusive Club EWI.

Perhaps if I had been more currency focused, I'd have seen the non confirmation of the USD's marginal higher high by the euro's higher low, which would have added compelling fuel to an already strong argument of the MACD non confirmation.