Open trading account 
The US Dollar has had some gains over the last session. In the early New York session we saw some very important moves in pairs like NZDUSD, EURUSD and some others.
The Kiwi and Euro were both dancing around some important moving averages. For the Kiwi it was the ever respected daily 200 period moving average, for the Euro, it was the weekly. After a dip below, they have both managed to spike above.
Although this certainly has bullish implications for the pairs, I'm looking to reduce my US Dollar long exposure at this time. I believe the market is largely waiting for a pull back to continue buying the greenback.
The surprising laggard was the GBP. It was one of the currencies, although my target being much lower, that I had expected a deep pull back against the down trend.
On the contest, I had a EURUSD Long and USDNOK short, ln anticipation of the weekend cutoff, I had tightened my stop on the EURUSD and actually got stopped out for -5 pips or so, unfortunate as at current levels I would have been able to hold through the weekend. The USDNOK is progressing nicely with 550 pips in the green, halfway to the target
The Kiwi and Euro were both dancing around some important moving averages. For the Kiwi it was the ever respected daily 200 period moving average, for the Euro, it was the weekly. After a dip below, they have both managed to spike above.
Although this certainly has bullish implications for the pairs, I'm looking to reduce my US Dollar long exposure at this time. I believe the market is largely waiting for a pull back to continue buying the greenback.
The surprising laggard was the GBP. It was one of the currencies, although my target being much lower, that I had expected a deep pull back against the down trend.
On the contest, I had a EURUSD Long and USDNOK short, ln anticipation of the weekend cutoff, I had tightened my stop on the EURUSD and actually got stopped out for -5 pips or so, unfortunate as at current levels I would have been able to hold through the weekend. The USDNOK is progressing nicely with 550 pips in the green, halfway to the target
