The dollar sank to support, a very long term support level
as revealed by 6 month timeframe bars, and it won't break below it for another 34-35 months. So we are likely to see short term trends that last a couple months, and go back and forth in a sideways range. The bias longer term is bearish
for the dollar, so I'll be specially interested in buying oversold dips in the Euro
, but won't commit to long term trending positions.
Position trading is not likely to produce good results, but swing trading might.
My reccomendation: if you're a trend trader, avoid FX markets like the plague. If you have strategies to trade intermediate term to short term swings, then the volatility
might suit you. Else, stay away.
Best of luck,