Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 14 November 2017 at 11:42 GMT
Technical Analyst / FuturesTechs
United Kingdom
Mindful that we've got the key Central Bankers of the world all talking together in one room right now I thought it would be worth pointing out that the Dollar Index Chart is at a VERY interesting place RIGHT NOW: A look at the chart shows we are back at the Neckline of the H&S Bottom that has been on many chartist's minds of late. Any further weakness and this pattern is negated, ie the recent dollar bullishness would be "tempered".

I also have 1.1733-38 as a key resistance in EURUSD so interesting that these coincide.

Sell EURUSD on this morning's spike?
14 November
Jim Earls Jim Earls
Were are they meeting at?
14 November
Andrew Perkins Andrew Perkins
Nice heads up Clive. 94.030 is as nemo said the drop off under there and it's curtains for the USD bulls
14 November
Ziddi Ziddi
Sell entry can be afford now ??
14 November
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
To be honest Ziddi I didn't expect it to get above 1.1738 so it's not "playing ball", as it were... 1.1763 is a Profile level and 1.1801 is the next resistance above that...
14 November
Ziddi Ziddi
Can sell short position from now because overbought level now..if yes then tell me maximum fall level from here.


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