US Stock Market Still Strong
While many currency pairs seem to be in a corrective mode, the US stock market has remained strong. This US30 CFD daily chart, which represents the movement of the US Dow Jones Industrial Average, shows a strong uptrend off of the lows printed in early July. I would continue to look for buying opportunities as long as the index remains above the 11,515 low noted on the chart.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.