EUR/USD At Support Level

EUR/USD At Support Level

The dollar rallied further yesterday, bringing the EUR/USD back down to a multi-year trend line.  In early April the dollar pierced through a downward sloping trend line near 1.42 at the time and now is retesting these levels.  While this could provide some...
Initial Signs Of A Longer Dollar Rally

Initial Signs Of A Longer Dollar Rally

I know I know, a 1% up-move in the dollar index and people are getting all dollar bullish again.  Our job here is to look for clues and remain impartial and vigilant as we meander through this jungle calle the market.  One of the clues I tend to look for are...
EUR/USD At A Potentially Important Point

EUR/USD At A Potentially Important Point

First blog post of the day here for me, so let me make it a quick one. See the chart below…the EUR/USD is at a three year downtrend line (resistance?).   I have no bias as to the next price move  here but that is not the point anyway…I am much...