USDIndex Monthly
The Dollar index has so far found some decent selling with the market off over 100 pips since testing the major 50 fib at 95.85. With the USD heavily overbought across the board could this be the time to short the dollar for an overdue correction. If the dollar however takes out the 50 fib it will be all bets off with nothing but blue sky’s till 101.750.
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Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE
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