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With the ridiculousness of the US debt ceiling theatrics still playing out, the markets are having none of it. See below for the breakout in the Euro against the USD:
EUR/USD 6 month daily candlestick chart with 260 day moving average (grey line)
And the GBP against the USD:
GBP/USD daily chart - earlier breakout this week
Of course, things haven’t changed for the de facto “gold” standard of currencies, the Swiss Franc (CHF). This 41 year, monthly chart (in semi-log scale so you can see the devastation) explains why.
USD/CHF monthly chart for last 41 years.
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