Dollar Still Vulnerable
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
On Thursday, the dollar formed a bearish outside
day down in a pullback from lows (a). This action suggests that its downtrend
remains intact. Look for buying opportunities in the March euro
(
ECH1 |
Quote |
Chart |
News |
PowerRating) and
Swiss franc
(
SFH1 |
Quote |
Chart |
News |
PowerRating).
face=”Arial, Helvetica”>
March copper
(
HGH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently,
still looks vulnerable. Continue to look for a shorting opportunity here.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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