EUR/USD’s dramatic slide is unwinding from oversold conditions, amidst a short-term DeMark™ exhaustion signal. The prior drop was triggered after a lengthy period of consolidation finally broke through the psychological level at 1.4000, which was surrounded by a confluence of other important levels (including the long-term 200-day MA and 2-year uptrend).  Watch for further unwinding from oversold conditions over the next few days which could retest 1.4000. This area would offer renewed selling interest for another down-swing lower into key levels near 1.3429 and 1.2860.  Inversely, the US dollar index is maintaining ... (full story)