USD in some hot water - SELL for now -
The USD seems to have suffered some after the tensions in the French elections eased up again. By no means is it over - but for now the market seems content to ease off on the fear/risk factor.
The USD has crossed and stayed below the 200 day MA (red line) - so I'll be looking for opportunities to short the dollar for the next bit. That being said, today is a "sit on your hands day" and see how the markets want to react to easing of tensions.
The USD has crossed and stayed below the 200 day MA (red line) - so I'll be looking for opportunities to short the dollar for the next bit. That being said, today is a "sit on your hands day" and see how the markets want to react to easing of tensions.
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