The Nov. 6-7 EURUSD reverse was not a ‘piercing line’, but close. The Nov. 10 session was not a bullish ‘inverted hammer’, but close. And Friday’s price action did not form a bullish hammer, but it was close.
Eurodollar futures are lower today with the yield curve steepening throughout the first three years. The technical conditions continue to deteriorate and the risk for a precipitous fall (though not likely today) has increased.