US Dollar at Make-or-Break Levels versus Euro, British Pound
Video summary: We've been calling for a Dollar bounce for some days now--particularly against the Japanese Yen. That hasn't worked out unfortunately, but at what point do we do the opposite and call for weakness?
The uncertainty surrounding the US Dollar leaves our automated forex trading strategy biases unchanged from Monday's update, and indeed we'll watch the USD's reaction to these key levels before making our next moves.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.