ForexYell

USDOLLAR Strength May Be Taking a Summer Vacation

FX:USDOLLAR   Dollar Index
79 0 1
The long-term USD trend is up However, sentiment and volume as per FXCM's 188,000+ client base on recent USD Strength shows that traders aren't endorsing the move higher.

Resistance 2: 12,044
Resistance 1: 12,024
Spot: 11,894
Support 1:11,828
Support 2: 11,744

A break of support would validate the view of Summer USD weakness and turn to an outright short USD view against stronger currencies as per FXCM's Strong / Weak analysis.

RSI momentum similar to Fall 2013 weakness.
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