Despite being relatively choppy since June, the one thing I can say in favor of EURUSD is how the pair is respecting key levels. For instance, last week found our target at 1.1300 before bouncing back to the 1.1430 resistance level. As you can see, sellers also rejected the euro’s advance to keep the single currency below 1.1430 to start the new week. All in all, the pair has been the technical trader’s dream. However, I am a little suspicious of Friday’s selloff, mostly because of how bullish the pair was on Thursday. While I do think we could see some selling pressure again this week, I’m not overly confident about ... (full story)