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EUR/USD: Attempts to Recover
The Euro has seen a little bit of upward pressure on Wednesday against the US dollar as we continue to consolidate overall. That being said, this is a market that I think continues to see a lot of volatility and choppy behavior around the 1.16 level, an area that I think is going to continue to be a little bit of a magnet. If the market were to rally at this point in time, the next concern will be the 50-day EMA at the 1.1670 level. The previous uptrend line sits just above there, so I think that offers resistance as well. So, truthfully, I'm not overly excited about the euro. I recognize that maybe we are testing a ... (full story)
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