Euro Topping Out

11/12/2009 1:41 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

Though the action in the dollar index yesterday was not that dramatic, the close in the euro did have me concerned, and today's weakness and a lower close will indicate it has formed a double top. A close below 1.4700 is needed to confirm with key resistance now at 1.5050. The OBV on the futures has also turned negative.

Related Articles on FOREX

Keyword Image
The Fabulous Shrinking Renminbi
09/27/2017 1:13 pm EST

As of August 2015, renminbi (RMB) in payments globally accounted for 2.8 percent of the total, the f...