JStanleyFX

USD Sitting on Major Long-Term Support

TVC:DXY   U.S. Dollar Currency Index
This was the same zone that helped to catch the low earlier this year, plotted around the 90.00 psychological level. There's also a 38.2% fibo retracement at 89.92. The Q1 run of strength was a counter-trend pullback in that sell-off, and now that sellers have shown up for the first two months of Q2, stage is set for a showdown at a really big spot on the chart.

USD drivers for this week - Tons of fed speak. And Durable Goods on Thursday, PCE on Friday.

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