DRR has broken out of its downtrend and the recent pullback lower could be a backtest of its downtrendline. It has been consolidating and holding well at the current zone of $4.15 - $4.30, and I expect that it should continue higher from the current levels. We could see a bit more consolidation before it heads higher. MACD histogram shows that Bearish momentum may...
Given the technicals on this chart, it seems like going long EURO is the safest bet.
The USD had good run, however with the global markets hinging on depressionary territory, a collapse in the USD would help exports thus helping it maintain Global Reserve Currency status.
I've laid out the LONG term target, with this, directional scalping becomes easier, or more...