Dollar Outlook Improving but Hurdles Ahead: EUR/USD, USD/JPY, AUD/USD
- US Dollar rebound gathers shape after bottoming on Monday.
- EURUSD only susceptible under 1.3670/85.
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The US Dollar bottomed out on Monday, and has posted a modest rebound over the past 5 days. However, all is not clear as former key support from December and January lies ahead, and it will be crucial for the broader USDOLLAR Index to overtake 10620 if a true reversal is to gather pace.
--- Written by Christopher Vecchio, Currency Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.