Long term trend: Up
Medium term trend: Up
Significant Levels: Horizontal Resistance (11125), Horizontal Support (11010)
We could see here that the strength of US Dollar is still intact. The price held near the 0.764 Fibonnaci Retracement level and is now above the Support line. At some point, the price would break above the Resistance. This is definite, as of now, until some surprise happened in the market and in the data from US. But we are bullish with US Dollar in the medium term and long term. This currency is nice to be paired to weak currencies such as the Euro and Yen.
There's not much to be said here. The US Dollar is strong right now. Therefore, go place your Long positions pairing this with the weakest currencies.
Trade well.
Medium term trend: Up
Significant Levels: Horizontal Resistance (11125), Horizontal Support (11010)
We could see here that the strength of US Dollar is still intact. The price held near the 0.764 Fibonnaci Retracement level and is now above the Support line. At some point, the price would break above the Resistance. This is definite, as of now, until some surprise happened in the market and in the data from US. But we are bullish with US Dollar in the medium term and long term. This currency is nice to be paired to weak currencies such as the Euro and Yen.
There's not much to be said here. The US Dollar is strong right now. Therefore, go place your Long positions pairing this with the weakest currencies.
Trade well.