The pair is challenging its bullish channel lower boundry, the RSI is badly directed. Suggest short positions below 92.35 with targets at 91.8 and 91.55
The upside penetration of 92.35 will call for 92.6 and 92.9
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The pair is posting a rebound on its support but its extension should be limited by its new resistance (former channel lower boundry). Suggest short positions below 1.4975 with 1.485 and 1.48 as next targets. The upside penetration of 1.4975 will call for a rebound towards 1.5015 and 1.5065

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The dollar bounced up strongly from an overnight 14-month low against the euro Monday, as slipping US stocks and battered commodities sapped risk appetite across markets, lending support to thr safe-haven USD. The Euro surrendered the psychologocally importnat $1.50 level, sinking to its lowest level in a week against the dollar in afternoon New York trading. After commodities and higher-yielding currencies notched higher over the past week- many to 12 month records or better-the market was r...
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