The other day I discussed the pent-up pressure in long-term Euro volatility and how coupled with short-term volatility conditions it creates an explosive situation. Running with yesterday’s breakout into the mid-11500s we should see EUR/USD continue to make good on higher prices in the near-term and maybe longer. Looking to resistance levels, the 200-day is rolling down to around 11636 at this time, but with it not having any confluence with major price levels it’s not viewed as ultra-significant. The next major area of price resistance doesn’t arrive until the 11800/50 area, leaving a solid 250/300 points from ... (full story)