EUR/USD Has a Resistance Cluster at 1.42

The EUR/USD slid last Friday after an AB=CD correction. The market starts this week finding support at 1.4060, then resistance at 1.4150. However, if another corrective rally swings from 1.4090, an AB=CD projection targets 1.42.

Source: ActionForexall Rss Feed

Dollar Advances for a Fifth Day- Index Tapping Resistance

The greenback closed out the week higher by nearly 2% as major swings in FX markets had saw the dollar shorts squeezed out. The Dow Jones FXCM Dollar Index continued its advance for the 5th consecutive day.

EUR/CHF Repeating A Double Top At The 1.2960 Resistance

The recent from 1.28 has met resistance at 1.2960. During today’s European session, a double top is forming with a break below the 1.2910 support. The RSI in the 1H chart is breaking below 40 invalidating the bullish momentum, and threatening to establish bearish momentum. Looking at the 4H chart,

EUR/CHF Repeating A Double Top At The 1.2960 Resistance

The recent from 1.28 has met resistance at 1.2960. During today’s European session, a double top is forming with a break below the 1.2910 support. The RSI in the 1H chart is breaking below 40 invalidating the bullish momentum, and threatening to establish bearish momentum. Looking at the 4H chart,