Our EURUSD analysis post last week highlighted a bullish engulfing candle off the 200 period SMA at 1.2820. Price subsequently moved over 180 pips higher after breaking above the candle high in the first instance and then above the 1.30 handle. Resistance around 1.3130 capped the EURUSD rally on Thursday then gave an inside day at this previous resistance level and swing high. Friday has seen a break of the inside day, to the downside, on the back of reduced market appetite for risk and a stronger dollar against the euro and the yen. This strong dollar scenario had Gold dropping to a six-week low around $1715 and the ... (full story)