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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar came into the month of October with a full head of steam, riding a trend that amounted to 11 consecutive weekly gains. This is rare, as it’s only happened once in the past decade. The USD hit resistance at the 50% retracement of last year’s pullback in early-October and then spent the rest of the month grinding back-and-forth, with bulls continually failing to push up for a re-test of that resistance level. And it’s taken awhile, but USD bears have finally been able to get some run after a really big week with the FOMC rate decision on Wednesday and NFP on Friday. The natural question after a move … (full story)

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