– Dollar continues to trade in a narrow range versus major FX counterparts
– We’re keeping a close eye on the monthly opening range in various USD pairs
– Watch the video above and charts below for full details of what we’re watching
Euro Needs to Close Beyond Monthly Opening Range to Take Confidence in Direction
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez
Dow Jones FXCM Dollar (ticker: USDOLLAR) Needs to See Daily Close Above Key Resistance
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
Contact and follow David via Twitter: https://twitter.com/DRodriguezFX