The U.S. Dollar Index shorts remain undeterred.
With the FOMC decision in the books, we’ve finally had a chance to exhale.
There are quite a few things to consider when noting the slide to current support at 76.788.
The dollar’s wide ranging day on October 22nd has created support at 77.09 and resistance at 78.20.
The Dow Jones, the dollar, yen, and euro have all been making news and making moves.
The U.S. Dollar has been rallying since 5:00AM EST. The base of the rally was 77.20.
he U.S. Dollar continues its slide lower and this should of absolutely no surprise to any forex trader…
It seems to be the theme lately for the U.S. Dollar…another bad piece of data sending the already weakened dollar lower.
For moment, let’s pretend that there was no TIC data release this morning…
The U.S. Dollar pushed slightly higher on the back of the better-than-expected Empire State Business Conditions Index.