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USDOLLAR Index Tests EMA Supporting Rally Since July 2014

USDOLLAR Index Tests EMA Supporting Rally Since July 2014

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- Daily 34-EMA in USDOLLAR Index has supported rally since July.

- EURUSD, USDJPY, GBPUSD all at crucial turning points.

- See the March forex seasonality report for trends in the QE-era.

See the above video for technical considerations in the USDOLLAR Index, as well as a breakdown of the February US Consumer Price Index report that is spurring volatility across the USD-spectrum.

Read more: Weakest CPI on Record Pushes GBP to Precipice of Breakdown

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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