Dollar, S&P 500 Stall as Risk Trends Look for Direction

From dailyfx.com

The US Dollar and the S&P 500 are treading water near familiar technical barriers as risk sentiment trends look to establish a clear directional bias. US DOLLAR TECHNICAL ANALYSIS– Prices remain wedged between resistance-turned-support at the upper boundary of a falling channel set from the June 1 high (9884) and the 38.2% Fibonacci retracement at 9963. A break higher exposes the 50% Fib at 10032. Alternatively, a drop below support targets rising trend line support at 9867. S&P 500 TECHNICAL ANALYSIS – Prices put in a Bullish Engulfing candlestick pattern above support at the 1400 figure, a barrier ... (full story)