Euro Breaks Key Resistance vs. Dollar

NEW YORK (TheStreet) -- Overall, Thursday's equity market selloff had a major influence on the pound and Australian dollar, but only limited effects on the euro and Swiss franc. Driven by risk aversion, the yen broke below the 86.00 area against the dollar, to reach its highest value against the greenback since 1995.

Over the last four years, world markets have been very quiet on Thanksgiving Day (a market holiday in the U.S.), but today has proved to be a huge exception. Ahead, the forex market has some major uncertainties since U.S. trading is closed, but the volatility seen throughout the European session might attract some major players into the futures market.

Dollar Index Technical View: TheLFB Member Charts ...