Euro Currency at KEY level
The 
EURO has stayed above the orange level, around $109, for a year. We have seen several tests of this level (shown by the purple arrows).
Why does it matter?
1. The US dollar has an inverse correlation with the Euro as well as Gold.
2. A strong US dollar negatively affects international equity (such as Europe and Emerging Markets).
3. A weak dollar generally creates a bullish scenario for commodities.
4. Gold has a slightly negative correlation to Bitcoin. Currently at -0.5
EURO has stayed above the orange level, around $109, for a year. We have seen several tests of this level (shown by the purple arrows).Why does it matter?
1. The US dollar has an inverse correlation with the Euro as well as Gold.
2. A strong US dollar negatively affects international equity (such as Europe and Emerging Markets).
3. A weak dollar generally creates a bullish scenario for commodities.
4. Gold has a slightly negative correlation to Bitcoin. Currently at -0.5
כתב ויתור
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