FOREX VIDEO - New York Session Review - November 12, 2009

Source: blogs.fxstreet.com

Yesterday saw extremes for the year matched on multiple fronts; to wit, the USD/CHF currency pair tapped its 2009 low just north of parity, the EUR/USD and S&P 500 formed double top patterns with last month’s highs, respectively, and the U.S. dollar index matched its 15-month low. Today, the dollar found new vigor. During the New York session, a 65-pip short trade on the euro started at overlapping sources of resistance lines, and ended at a confluence of support lines. Curt Wehrley FX Bootcamp’s Quantitative Analyst


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