Euro strength has continued to show and less than two months after leaving oversold territory, EUR/USD has already pushed into overbought conditions via RSI on the daily chart. To simplify, sellers dominated into and through much of September, eventually bringing in a support test at the 1.0500 psychological level. There was little hope, or so it seemed, as a heavy bearish trend started to spin its wheels through much of October, even with a bit of persistence from sellers. But, they began to cede ground as lower-high resistance continued to get higher and higher while prices remained within a bullish channel. The ... (full story)