Price action taking its toll

Source: www.forexlive.com

Lots of grumbling out there from both the professional and individual trader community today as prices rally and reverse and then slide and reverse. After lots of to and fro but not much new from a fundamental perspective to cling to. The main headlines today (Russia and Brazil cozying up to the IMF at the expense of the US) were dollar bearish but the price action was mostly bullish. Tough day all around…1.4015/35 is an area of resistance on the charts intraday, roughly halfway back from the 1.4145/1.3915 decline…


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