3rd August - The Euro looks desperate as hopes evaporate
03 August 2012
TECHNICALS:
Dollar Euro weekly bar chart
The market remains under great pressure, none of the patterns have been compromised, the Euro bears remain in place.
Dollar Euro daily bar chart
The rally of the last week has petered out without having made any serious inroads into even the short-term chart. The critical short-term resistance above the market from the Neckline and the Prior Low at 1.2291 have both repulsed the bulls. Note too, the day Key reversal today.
The bears remain in charge
Next story:
10th August - Ambivalent Oil 
Previous story:
02nd Aug - Soybeans Through 2008 Peak