Courtesy of Chris Kimble
Is King$ and the Euro facing important breakout/breakdown tests at the same time? It looks like it in this chart!
The US$ trend remains up, as it has created a series of higher lows since the start of 2018. The opposite can be said for the Euro, as it has created a series of lower highs since early 2018.
The US$ is currently testing the top of its 18-month rising channel, as the Euro is testing the bottom of its falling channel.
What King$ and the Euro do at these channel tests, should send an important message to the metals/commodities markets in the short-term!
Gold, Silver, and Miners would receive a bullish message if these currencies happen to pull a reversal at these key levels!
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