EURUSD pulled back from 1.5062
Being contained by the upper border of the rising price channel on daily chart, EURUSD pulled back from 1.5062, suggesting that a cycle top is being formed. Further fall towards the bottom of the price channel is expected next week, a clear break below this channel support will indicate that the uptrend from1.3748 has completed at 1.5062 level already, then deeper decline is expected to test 1.4484 key support. However, as long as the channel support holds, another rise towards 1.5200 area is
S&P and NASDAQ Finish Lower for the Month
December S&P and NASDAQ stock index futures finished lower for the month while the December Dow eked out a small gain. The closing price reversal tops in the S&P and NASDAQ indicate that the selling is greater than the buying at current levels and set up the possibility for a 2 to 3 month decline. Today’s sell-off was broad-based, which is another sign that the 10% to 20% correction that analysts have been anticipating may actually be taking place. December Treasury