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US Dollar Remains Strong, but Key Signs Warn of Important Reversal

US Dollar Remains Strong, but Key Signs Warn of Important Reversal

David Rodriguez, Head of Product

- US Dollar targets fresh highs versus Euro and GBP, but reversal risk is growing

- We’re watching key signs for potentially significant reversals across USD pairs

- Reversal risk seems especially high for Aussie$, JPY seems stable

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro Resilience Gives us Pause, but Not out of Woods Yet

GBPUSD - Need to See Important Signs before Calling for British Pound Reversal

USDJPY - US Dollar Offers Trade Opportunities versus Japanese Yen

AUDUSD - Australian Dollar Could Make a Sustained Move Higher

SPX500 - S&P 500 Defies Gravity, Looks to Trade Higher

NZDUSD -NZD Poised for Declines Unless this Level Gives Way

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

US Dollar Remains Strong, but Key Signs Warn of Important Reversal

The US Dollar continues to trade to fresh peaks versus the British Pound, Euro, and other counterparts. Yet these signs show high risk of reversal in key pairs.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

US Dollar Remains Strong, but Key Signs Warn of Important Reversal  US Dollar Remains Strong, but Key Signs Warn of Important Reversal

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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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

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