EURUSD Readying Itself for a Move to the 2016 High

What’s inside: EURUSD bullish consolidation below confluence of resistance will do it some good Looking for an eventual breakout towards the 2016 high over 11600 As long as support just beneath 11300 holds so does our constructive outlook Where will EURUSD end the quarter? Check out the Q3 Forecast for our view. On Friday, the […]

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US Dollar Index – Know the 2015 High at 100.51

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -“As is the case with EUR/USD and USD/CHF, continued failure at trend extremes warrant caution although there is nothing ‘solidly bearish’ to work with just yet. Weakness below 100.51 (December 2015 high) would suggest a broader reversal.” 100.51 (2015 high) is classified as […]

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Dollar Draws on Many Sources to Extend 14-Year High

A Not So Surprising Charge After nearly two years of consolidation, the Dollar (ICE Index) was finally driven to a critical bullish breakout in the final months of 2016. To many, the catalyst for the resurgence came as a surprise: the US Presidential election. The unexpected win by Republican nominee Donald Trump defied popular opinion […]