US markets will remain closed today, as the north-coast is on alert on hurricane Sandy. Despite thin volume, the bearish potential of the pair continues to increase, as risk aversion favors dollar gains across the board, with local share markets in red and US futures also down. Main risk even in this American session will be Spain, as PM Rajoy will give information about bad banks in the country, at 17:00 pm local time. In the meantime, the EUR/USD trades steady below the 1.2900 mark, gaining bearish momentum according to the hourly chart that shows 20 SMA heading lower and offering short term resistance around ... (full story)