Backfiring continues
Forex NewsEUR/USD is testing 200SMA 30m chart @ 1.5535, and a break should see a test of the broken trendline @ 1.5560-65. USD/CHF so far is holding above the broken downtrend line @ 1.0420, a break lower should see 1.0370-75 coming into play. GBP/USD is the lagger of this move, as the unit is STILL trading in/around extreme OS condition, thus not being the best vehicle to think of long USD positions; on the contrary, the unit has more room for backfiring than the other 2 Europeans if it is to do so in the end.
