EUR/USD nears another test of 1.1200 as the dollar keeps firmer

EUR/USD falls to a session low of 1.1204 For bank trade ideas, check out eFX Plus The euro had a bright start to trading yesterday amid a continued breakout in EUR/GBP, which helped to see EUR/USD climb to a high of 1.1288 but encountered resistance from the 61.8 retracement level there before dollar demand sent […]

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EUR/USD hits a session low as it makes another run at 1.1200

EUR/USD falls to the worst levels of the day I don’t like this chart at all. It looks like a head-and-shoulders within a head-and-shoulders: For some reasons, spec longs are also at a two-year high. I tend to brush that aside as some kind of reporting skew but if it’s the reality then it’s another […]

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