Share this on:
 E-mail
6
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not verified by CNN

  • Click to view Dimon123's profile
    Posted June 30, 2014 by
    Dimon123

    USD Strong Risk of Bounce

     

    According to DailyFX.com, FX Options markets are ramping up bets on sharp price moves as we await key data out of the US and a European Central Bank interest rate decision. All the while, the Euro trades at critical price resistance at the confluence of its 200-day Simple Moving Average and key congestion near $1.3675.

     

    Yet in broad terms we see a number of signs that the Dollar may remain in its larger range versus the Euro and other counterparts. While the DailyFX 1-week Volatility Index has risen noticeably, 3-month and 1-year indices continue near record lows. In other words: few are betting on a Dollar breakdown here.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story