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ChrisAbdey
Apr 24, 2017 10:11 AM

USD in some hot water - SELL for now -  Short

U.S. Dollar Currency IndexTVC

Description

The USD seems to have suffered some after the tensions in the French elections eased up again. By no means is it over - but for now the market seems content to ease off on the fear/risk factor.

The USD has crossed and stayed below the 200 day MA (red line) - so I'll be looking for opportunities to short the dollar for the next bit. That being said, today is a "sit on your hands day" and see how the markets want to react to easing of tensions.

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