USDOLLAR shows positivity with key events ahead this week
FXCM’s USDOLLAR basket’s daily chart continues to trade in its bullish channel between the upper blue and red bands. The hourly chart is also showing positive developments. Its trend following EMAs and momentum based- stochastic have crossed. Development of angle and separation by the EMAs and movement by the stochastic into the 80+ area (blue arrow) will be a bullish development.
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