A lot a people believe that EUR/USD in the key to US stock market right now. So lets see where we stand-from big picture -down to our current distribution (last 7-8 days).We definitely are at a key resistance area now.
The chart says it all. Looks like a mirror image. Please note how the market quickly rejected prices highlighted in green in august 2008. But this time we also need to consider that we have a lot of support (volume traded) below.
Hope you find this interesting, and thank you Tim for letting me to post this.