Euro Market Analysis for August 13, 2026
The Euro has finally broken through its 1/4 level. The previous thesis remains valid.
I am expecting price action within the resistance zone: 1.1484-1.1491
Drought on the Rhine paralyzes European shipping
Water levels on the Rhine at Kaub, Germany, have dropped to their lowest point since records began in 1880. Persistent heat may further exacerbate the situation. Thyssenkrupp, BASF, and Lanxess are being forced to rapidly adapt their logistics to maintain supply chains.
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