Cautious dollar strength |
|
Market overview In last week's release, we discussed the potential for extended short strength for the US dollar, although the context for this remains against a long term bear market. Given the speed of the market's move, the potential for an overshoot is large and picking exact levels for a turnaround becomes more problematic. However, the targets for euro dollar were at 1.4722 and whilst the squeeze continues, it is difficult to stand in the way of dollar strength and an extended move into
Filed under: Technical
Latest Posts
- USD/JPY
- FX Thoughts for the Day - Forex Trading, Currency Forecast, FX …
- Fed expects the economy to contract moderately in 2H08 and 1H09
- United States: beyond the storm
- Dow jones and currency markets
- Currency Majors Technical Analysis
- Expect Non-Farm Payrolls to Double Dip
- CAD Weakness Presumes
- Markets Falling, Dollar is Rising: Bears and Dollar In it Together?
- Mid-Day Forex Technical Report - Swiss Franc Sold Off after Surprised SNB 100bps Cut
- London Session
- Swiss National Bank Cuts 3-Month LIBOR Rate By 100bp To Meet 2 …
- Matsys D Trade Signals
- Usd/Chf testing the key level
- Eur/Chf technical perspective