EuroUSD: Completed Bearish Wolfe Wave

EuroUSD has completed a bearish Wolfe Wave upon reaching the target today. The odd thing is that the indices, SPY, and especially XME had been moving pretty much in lock-step with the EuroUSD-- until this week

So despite a move up in the US dollar, stock including industrials and materials have also been moving up. I can't figure it out, but the has EuroUSD has achieved a goal, of sorts.

EURUSD at resistance...

...back to the top of channel. Gold hit a recent high today intraday before dropping back again. If this is a range trade, then the EURUSD should come back a bit... but the odds are pretty good we get a continuation of the "orderly" take down of the dollar. Gold may be the "tell".

EURUSD Rangebound

...with some bearish features. Above 1.50500, we could go much higher.

EURUSD acting bearish

which means strong dollar, which means...

stocks go down.

easy concept; watched by *everyone*.

No other chart necessary.