November 4, 2013 Fade the EUR/USD. If the Friday rally in the greenback was one big “they may taper sooner than we thought” short squeeze, then we’ve seen the bottom in the U.S. Dollar Index and it’s at 79.06. But just because the buyers have found a floor to defend, does the momentum have enough for an uptrend? The U.S. Dollar Index could not find bullish momentum through the 81.00 level and this bodes well for an exhaustion fade off this resistance at the range extreme. Traders will willing to rally through 80.00 but the all-out assault has thus far fell short of a convincing trend reversal and that mean not only ... (full story)