Domistock Tools Used: Dual Dominant Hedging Signal System, Auto-drawn Support/ Resistance Lines & Trendlines, DomiStock’s Technical Rating System
Assets charted: FOREX EUR (EUR=)
EUR/USD maintains its AA rating from DomiStock and is moving higher in expectation that the ECB will move toward normalization of interest rates. Resistance at 1.1445 was breached and now acts as a support level. The Dominant & Hedging Signal System that divides trading orders into hedging (those that have smaller potential market influence and indicate less important, long or short, adjustments at investment fund’s portfolios) and dominant (those that have stronger potential market influence and indicate more important long or short adjustments) shows inflows for 94 periods, which is a 3-year high.
