USD breaking down - But is this a terminal thrust?
The USD is breaking down. And I expect a little more USD weakness But... This puts all dollar traded currency pairs back into severely overbought territory. I am a bit of a contrarian. I would ask the question this week of; When is too much just simply "Too Much"? I would not be surprised if we see a blow off and reversal some time this week or next. Good trading. USDIndx - Watch for action around this triple bottom. EUR/USD - Will this pair triple top? or break out? GBP/USD - Searching
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