FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, continues to edge higher on Monday, trading within the major bull trend accelerated lately by growing concerns in the euro zone and escalating fears of contagion.
C.Tuxen, Senior Analyst at Danske Bank, comments that “The moving average configuration and momentum studies continue to confirm the positive channel and bullish structure and a break above resistance at 83.82 will extend the rise to 84.92…”
The expert thus recommends “…stay long or buy on dips for 84.929 and possibly 85.735; suggest placing a stop under 82.082…”
C.Tuxen, Senior Analyst at Danske Bank, comments that “The moving average configuration and momentum studies continue to confirm the positive channel and bullish structure and a break above resistance at 83.82 will extend the rise to 84.92…”
The expert thus recommends “…stay long or buy on dips for 84.929 and possibly 85.735; suggest placing a stop under 82.082…”
