The dollar comes into focus as we await tomorrows FOMC
March 18, 2014Today has seen some large volatility on the back of tensions building in crimea, this risk off sentiment has seen EUR and GBP come under downside pressure across the board and we no look for the next direction going into tomorrow evenings FOMC meeting with Yellen.
DXY Daily chart
We are now approaching some key levels on the DXY with a continued push lower, the index looks range bound and we are now approaching the bottom of that range, with EURUSD and GBPUSD both looking heavy it could be worth long dollar trades.
