There appears a fresh Usd negative at play in the form of the earlier Riksbank ...
There appears a fresh Usd negative at play in the form of the earlier Riksbank FX diversification announcement. Broad Usd losses have quickly been made. As a result, the [USD INDEX] has fallen away from its comeback highs of 88.53 to trade to a 88.05 low since. Just below at 88.04 comes fibo support (61.8% of 87.73/88.53 move), which looks to be the only major barrier towards a retest of the index's 2006 low of 87.73. A clear break could signal a fresh wave of Usd selling across the board, with one contact tentatively suggesting a possible 1.24 retest of Eur/Usd today. Note a large barrier rolls off at the figure today, at New York cut.
There appears a fresh Usd negative at play in the form of the earlier Riksbank FX diversification announcement. Broad Usd losses have quickly been made. As a result, the [USD INDEX] has fallen away from its comeback highs of 88.53 to trade to a 88.05 low since. Just below at 88.04 comes fibo support (61.8% of 87.73/88.53 move), which looks to be the only major barrier towards a retest of the index's 2006 low of 87.73. A clear break could signal a fresh wave of Usd selling across the board, with one contact tentatively suggesting a possible 1.24 retest of Eur/Usd today. Note a large barrier rolls off at the figure today, at New York cut.
Dinge die man hastig tut,
bedauert man langsam.
bedauert man langsam.