Another choppy week of forex market price action has made trading the US Dollar rather difficult, with unpredictable day-to-day price swings leaving the Greenback relatively unchanged through time of writing. Our forex sentiment gauges have accordingly been less effective in predicting short-term price moves. The SSI tends to underperform through times of market choppiness and this week has been no exception. We believe traders should keep position size smaller through times of such pronounced financial market indecision—especially as the direction in the US Dollar is anything but clear.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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