Talking Points EUR/USD trades at a new low for the yearUSD/JPY surges past 112.00USD/CHF OBV at new highs, spot is not Daily Volume Chart: EUR/USD EUR/USD broke below the early October low this week to trade at its lowest level since August of 2012Above average volume over the past couple of days indicates the broader downtrend is ...
US DOLLAR TECHNICAL ANALYSIS – Prices appear to be on track to resume its longer-term rising trend after completing a Flag continuation pattern last week. A daily close above the 11102-43 area marked by the 23.6% Fibonacci expansion and the October 3 high exposes the 38.2% level at 11216. The appearance of a Shooting Star candle warns a near-term pullback may be in the cards however. A turn below the 10959-78 zone (rising trend line, 23.6% Fib retracement) clears the way for a test of the 38.2% ...
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