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Can the US Dollar Mount a Lasting Recovery without EUR/USD?
Interest in the Dollar has increased dramatically this past week as an otherwise measured rally for the currency has translated into some otherwise remarkable technical breaks among the crosses. Across the noteworthy moves, the USD/JPY offered up one of the most technically decisive moves. From a robust bear trend to weeks of congestion, we transitioned into an inverse head-and-shoulders breakout this week to leverage the appeal of candlestick / pattern traders. In terms of sheer girth, the AUD/USD's strong three-day drop below 0.7630 cleared the support on a rising trend channel more than two years in the making. ... (full story)
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