The EUR/USD edged out a new three-week high just shy of 1.1400, continuing the rally that began with the dovish-leaving FOMC minutes of last Thursday.
The EUR/USD edged out a new three-week high just shy of 1.1400, continuing the rally that began with the dovish-leaving FOMC minutes of last Thursday. Solid German confidence figures continued to buy the currency pair. Resistance is seen near the September highs at 1.1460, while support is seen near the 100-day moving average at 1.1150.
German SME business confidence remains high. The latest KfW/Ifo indicator for small and medium sized companies in Germany fell back slightly in September, but remained at very high levels. Among large companies optimism also prevails.
David Becker focuses his attention on various consulting and portfolio management activities at Fortuity LLC, where he currently provides oversight for a multimillion-dollar portfolio consisting of commodities, debt, equities, real estate, and more.
