Eurozone uncertainty and the potential implosion of the euro is reflected in the volatility of the euro-dollar chart. It’s useful to step back from the raging volatility of daily trading and look at the bigger picture using a weekly chart. This helps to put the daily price activity into a broader context. The picture may remain confused and chaotic but there is usually a broader perspective of the context of the daily price activity. The most important feature on the euro-dollar chart is the down sloping trend line starting from the May high at $1.49. The failure of the rally in September and again in October ... (full story)