Intraday Market Thoughts

USD at the Crossroads?

by Ashraf Laidi
Jun 10, 2014 21:04

Whether the latest technical dynamics mark a general upturn in the US dollar or not, we approach USD pairs individually. Our last 3 Premium longs in EURUSD have hit their final targets, with 150-pips in each trade. But last Thursday (4 hours before the ECB decision), we issued 2 EURUSD shorts, each of which is 80 and 100 pips respectively. Today, we issue a 2nd trade in USDCHF with 2 key charts identifying key moving average crossovers and a triple top in CHF futures commitments. The existing USDCHF trade is +90 pips in the black.  These latest USDCHF charts are shown on the right-hand side icon of the trades box. Meanwhile, Both EURAUD shorts hit their final targets with a total of 590 pips. All these trades ideas are in the latest Premium Insights.


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