U.S Dollar Hits A 6 Week Low

24 Nov in Blog, Bonds, commodities, currencies, futures trading, Mike Seery

Dollar Index Futures--- The U.S dollar in the December contract settled last Friday at 93.57 while currently trading at 92.92 lower for the 2nd consecutive session hitting a 6 week low as I'm looking at a possible short position, however the chart structure is poor at the present time as the 10 day high stands at 94.54 as the risk is around $1,600 which is too much for this currency at this time in my opinion.

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