No stopping the greenback in the new week
Sure didn't feel like it was long ago that we were talking about the dollar index testing the 200-day MA (blue line) and now we're here already. The index is up by 0.4% on the day now, with the figure level here providing a bit of resistance with the key level eyed now being the 38.2 retracement level @ 94.30.
The greenback is sparing no prisoners on the day (well, almost with only the loonie outperforming it) and EUR/USD is now looking all but certain to test the 38.2 retracement level @ 1.1709.
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