EUR/USD Squeeze in Mid NY session - 27.08.2009

Nice illustration of the Path of Least Resistance.

The hourly price action shows a false breakdown followed by full rotation of the range and a strong breakout of the Upper end of the congestion Channel - very instructive chart IMHO.

USD Index - range bound

first test on he upside 79.33 - 50-Day MA.

Crude oil - Natural gas ratio at record high