USD has hit significant resistance. FX is never exact and often overextends, but expect this to be an area that would attract sellers.
Comentarios:
USD appears to be breaking down from the short term uptrend line.
- EUR/USD looks to have hit historical longterm support which should hold.
- USD/JPY however looks like it could extend a bit further higher.
Comentarios:
It seems like the short everything/long USD trade is coming to an end.
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- EUR/USD looks to have hit historical longterm support which should hold.
- USD/JPY however looks like it could extend a bit further higher.