Stocks Try to Catch a Breath, USD Not so Much

Stock Markets try to recover from losses and they are in a good place to do so.

Nasdaq bounces from 11600 (for the third time!) with a bullish engulfing on the H1 chart.

SP500 defends 3430 again.

FTSE test crucial support on 5800.

Dollar Index, as expected, goes lower after the flag and a head and shoulders pattern.

EURUSD is heading higher after breaking important mid-term down trendline.

EURAUD finally escapes from the long-term sideways trend.

GBPUSD breaks 1.3 and enters the bullish zone.

EURPLN meets long-term horizontal resistance on 4.59.

For a look at all of today’s economic events, check out our economic calendar.