The slide of the the US dollar just turned into a crash. The weak retail sales number lit a big fire. However, after hitting deep lows, we also see a big bounce. The moves have become wild and volatility is very exciting. EUR/USD screamed through 1.28 and hit 1.2880 before retreating. It broke resistance at 1.2860 on the way. GBP/USD topped 1.60. Other currencies see very sharp moves. USD/JPY quickly lost the 106 level and reached 105.20 before bouncing back. USD/CAD is back down under the previous 2014 high of 1.1280 at 1.1270. It already hit 1.1225. AUD/’USD went all the way to 0.8860, below resistance at 0.89 and is sliding. NZD/USD almost touched 0.80 and is now battling the 0.7920 line. -Here are the levels to watch we posted just before the flash crash Is the USD still overbought? Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Equity Flush Resumes as Retail Sales Disappoint Scott Smith 7 years The slide of the the US dollar just turned into a crash. The weak retail sales number lit a big fire. However, after hitting deep lows, we also see a big bounce. The moves have become wild and volatility is very exciting. EUR/USD screamed through 1.28 and hit 1.2880 before retreating. It broke resistance at 1.2860 on the way. GBP/USD topped 1.60. Other currencies see very sharp moves. USD/JPY quickly lost the 106 level and reached 105.20 before bouncing back. USD/CAD is back down under the previous 2014 high of 1.1280 at 1.1270. It already hit 1.1225. AUD/'USD went all… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
