EUR/USD increased as the USDX slipped lower in the last hours. Price is fighting hard to climb much higher in the upcoming period, but I’m not sure that will have enough directional energy to do this. Technically, the rate has shown some exhaustion signs, but we still need a confirmation that will drop much deeper in the upcoming period. It could come higher to retest a resistance level before will drop much deeper again, a corrective phase is still possible as the dollar could be too oversold to drop much deeper. Euro stays higher even if the Euro-zone data have come in mixed, the Spanish Unemployment Change was ... (full story)