Fiber Waiting on DXY to Move
The Euro is sitting at key a key resistance level which it has bounced off of many times since the beginning of summer. There are two things right now that will decide where the market goes. The first is if the greenback can hold at the support line it has bounced off before. A holding of this level would suggest that the market still has confidence in the dollar. IF it breaks expect a large bear move for the dollar. THis bear move would then be subsequently a bull move in USD counter pairs.
The other factor the market needs to respond to is the elections being held in Greece, so keep an eye on that news.
The other factor the market needs to respond to is the elections being held in Greece, so keep an eye on that news.
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