Intra-day Trend Turned Bullish For the US Dollar

Monday, October 17, 2011 Posted by TFAL Team
Dollar is up across the board after some losses seen during Asian hours. Well, dollar index turned bullish and is now trading up for around 0.45% while the SP Futures are down around 1.3%. If we take a look on the Dollar Index 15minute chart, then we can see the prices recovered in 5 waves, which means that trend is bullish for the near-term. As such, we favor even higher US dollar against the majors in sessions ahead
                                                                                             

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