EUR/USD
THE EUR VS. THE US DOLLAR: The EUR “reversed” to the downside eleven weeks ago, but only now is the upward sloping trend line in real jeopardy. Note too that as the EUR rallied the volume of trade waned: a sign of impending weakness, not of strength.
That’s from today’s Gartman and I think it is the key chart to watch medium term. If this happens will be positive for the mkt as should see reduced worries of EPS revisions and act as a tail wind. The chart to watch medium term for us.