The EURUSD spiked up when the Dow quickly rebounded to around -60 from down -200 or so. The Dow then moved to -120 now. And the EURUSD has moved lower.
Is better US stocks bullish for the EURUSD? That was the reaction we just saw in the volatile move. Maybe it was technicals helping too.
EURUSD moved higher on a quick volatile move higher in the pair.
Technically, we went right up to the high from last week at the 1.2791 area (see prior post). We are also back above the 1.2746-57 area (also outlined in that post).
Choppy seas.
