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Where's the Dollar Headed?

Where's the Dollar Headed?

David Rodriguez, Head of Product

- Dollar continues to trade in a narrow range versus major FX counterparts

- We’re keeping a close eye on the monthly opening range in various USD pairs

- Watch the video above and charts below for full details of what we’re watching

Euro Needs to Close Beyond Monthly Opening Range to Take Confidence in Direction

Forex_trading_US_Dollar_Direction_in_2014_body_Picture_5.png, Where's the Dollar Headed?

Source: FXCM Trading Station Desktop, Prepared by David Rodriguez

Dow Jones FXCM Dollar (ticker: USDOLLAR) Needs to See Daily Close Above Key Resistance

Forex_trading_US_Dollar_Direction_in_2014_body_Picture_6.png, Where's the Dollar Headed?

--- Written by David Rodriguez, Quantitative Strategist for David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

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