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EURUSD, USDJPY 200 DMA no Inflection Point

by Ashraf Laidi
May 23, 2014 18:59

As US dollar index climbs to its 200-day moving average for the first time in 7 months and EURUSD falls to its 200-DMA for the first time over the same period, those traders anticipating the much-heralded USD rebound may finally see their forecasts realised? Or is this another fake bounce? Full charts & analysis

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EURUSD, USDJPY 200 DMA no Inflection Point - 200 Dma Usd May 23 (Chart 1)

 
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