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EUR/USD

The U.S. dollar dominated the forex market, gaining upwards of 1% against a number of currencies. U.S. equities traded lower during overnight, falling nearly 3% in some instances but equities were able to recover throughout the trading day ending relatively flat. Volatility has continued to slide and is at a two week low. The EUR/USD rolled over and fell more than 170 pips overnight. We missed the rollover but the price has confirmed horizontal resistance again. We will watch for a small bounce and a chance to sell the pair near 1.1400 on an intraday signal.

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