Rallying Euro

EUR/USD H4 chart, source: forexfactory.com

Euro which has moved in the box waiting the moment of the rebound, rallies since February. It made upward line and moves on the trend line.

At this time, we need to find the reason, 'why'. The question of 'Why?' is not less important to the traders but it shouldn't be neglected.

The global economy is under the uncertainty yet, major stock market reports the plunge since this year. Chair of Fed, Janet Yellen spoke that additional rise of the interest rate was hold for a while, and banks in Europe decided the minus interest rate to ordinary citizens, too. Japanese Yen rallies, and Euro and British Pound rally, too.

During the financial crisis, a tiny bad news made investors think that only US Dollar is believable and US Dollar surged. The market condition is not changed much, but the reaction of the market changes, we need to know.