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