I warned my subscribers yesterday morning that the US dollar was oversold in the short term & could bounce & I think it turned just as I delivered the email. However, I am waiting for the US dollar index to continue lower & EURUSD to start to trend higher eventually.... The downside should be limited & we want to buy on weakness but below. Further losses target 1.1550/40 before the May low at 1.1510/05.
Trade active:
Approaching first buying opportunity to the downside.