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27 Apr 2015
SEB: USD index likely to test 96.17 – eFXnews
FXStreet (Barcelona) - According to SEB, USD index might test the support at 96.17, and bulls should hold back until the correction shows signs of fading, as noted by eFXnews.
Key Quotes
“Last week ended with the dollar on retreat with increased pressure on dynamic support coming with the still ascending 55day exponentially weighted moving average band (97.15/96.25).”
“lntraday players may shorten a European 'lower Range Extension" (a move below the opening hour range) but then the stop should equal the high in this range to be.”
“Meanwhile a longer bullish play should be held back until better evidence of the correction lower really is fading.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Last week ended with the dollar on retreat with increased pressure on dynamic support coming with the still ascending 55day exponentially weighted moving average band (97.15/96.25).”
“lntraday players may shorten a European 'lower Range Extension" (a move below the opening hour range) but then the stop should equal the high in this range to be.”
“Meanwhile a longer bullish play should be held back until better evidence of the correction lower really is fading.”
This content has been provided under specific arrangement with eFXnews.