24 April 2012 06: 22 GMT
US DOLLAR INDEX: The market remains locked in a multi-day consolidation and should continue to chop between the 9, 600-10, 100 area. Overall, we do retain a bullish outlook given the broader recovery structure out from a major base in 2011 and therefore recommend looking to buy on dips in favor of an eventual break above 10,100.
-Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger
To be added to Joel Kruger's distribution list, send an email with subject line "Distribution List" to jskruger@dailyfx.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and charts from FXCM.
24 April 2012 06: 22 GMT
US DOLLAR INDEX: The market remains locked in a multi-day consolidation and should continue to chop between the 9, 600-10, 100 area. Overall, we do retain a bullish outlook given the broader recovery structure out from a major base in 2011 and therefore recommend looking to buy on dips in favor of an eventual break above 10,100.
-Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger
To be added to Joel Kruger's distribution list, send an email with subject line "Distribution List" to jskruger@dailyfx.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and charts from FXCM.
24 April 2012 06: 22 GMT
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