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Makes Little Sense to buy the US Dollar at these Levels

Makes Little Sense to buy the US Dollar at these Levels

David Rodriguez, Head of Product

Video Summary:

- Forex seasonality shows it’s not a good idea to buy a Friday high

- Forex volatility prices warn that traders aren’t impressed with the Dollar rally

- Interest rates haven’t followed through on post-Federal Reserve surge

The US Dollar likely set a significant low versus major counterparts, but we see a key number of reasons why it doesn’t make to sense to buy it at these levels.

Sign up for further US Dollar and other currency updates via this author’s e-mail distribution list.

Read more on why time is running out for the Euro as it fails at potentially critical resistance.

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

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

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

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