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Kumowizard
Mar 23, 2014 9:31 AM

USD - Simply Long

US DOLLAR CURRENCY INDEXINDEX

Description

Have no doubt, just buy! Buy the Usd on any possible dips. Downtrend is broken, more and more indicators point towards a longer term trend reversal. I know, there will be resistences, there will be levels hard to push through, but still, from now USD can turn into a strategic long. On USD Index the best value for longs would be 79,90-80,05 range, if it can retest there. You can also check for single USD crosses to find which one has bigger potential to overperform the Index. Normally I don't like to be involved in more than 8-10 instruments, so I do my favourites, USDCHF, and EURUSD besides the Usd Index. But if you have any good ideas or suggestions which USD cross you think could outperform, I'd be happy to discuss?
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