Participant

Looks like we’ll have a broader correction on US dollar, the US dollar index (USDX) has broke the uptrend line (important support) and now is going down. Maybe the USDX will come to test the broken level and then to continue the downward movement. USDX can find a short term support somewhere at 93 level. The Unemployment Claims indicator is expected to grow from 262K to 277K this week. Maybe the USDX will decrease till 90 and then will grow again, the correction will end and the US dollar will grow against other currencies.

usdx

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