In Wednesday’s EURAUD commentary, I remarked at how the Euro was hanging by a thread against the U.S. dollar. The 230 pip single session drop on June 14 put sellers back in control, but Euro bulls have battled back this week. Here’s why… There is a trend line that extends from the 2017 low at 1.0340. That level connects with the April 2017 low and was responsible for the May 30th bounce just last month. You can also see how the last five sessions have benefited from this 2017 trend line. Buyers were back at it again today, but they’re headed for a resistance level at 1.1720 that could pose some problems next week. I ... (full story)