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
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.