USDOLLAR Strength May Be Taking a Summer Vacation
The long-term USD trend is up However, sentiment and volume as per FXCM's 188,000+ client base on recent USD Strength shows that traders aren't endorsing the move higher.
Resistance 2: 12,044
Resistance 1: 12,024
Spot: 11,894
Support 1:11,828
Support 2: 11,744
A break of support would validate the view of Summer USD weakness and turn to an outright short USD view against stronger currencies as per FXCM's Strong / Weak analysis.
RSI momentum similar to Fall 2013 weakness.
Resistance 2: 12,044
Resistance 1: 12,024
Spot: 11,894
Support 1:11,828
Support 2: 11,744
A break of support would validate the view of Summer USD weakness and turn to an outright short USD view against stronger currencies as per FXCM's Strong / Weak analysis.
RSI momentum similar to Fall 2013 weakness.
