Tag Archives: FTSE

The Dollar staunched its bleeding this past week, but the rebound put the EURUSD back 1.1450 didn’t seem to carry the intent of a true breakout and follow through. It is crucial measure conviction as much as identify key levels.

It was a week of relief for equity bulls, as global stocks dug into support after last week’s rather pronounced sell-off. But now that support is in, will bulls follow-through?

The Euro still seems biased lower against the US Dollar but technical positioning has turned muddy, with the weekly chart warning of a possible reversal ahead.