The US Dollar is feeling weak this morning. EUR/USD is up 40 pips from the lows in the Asian session while the commodity dollars and the British pound are up nearly 60 pips against the Buck. There´s no apparent reason for this USD decline so we think that it will slowly fade away. In fact, the decline has already stopped and it looks like a reverse is starting to take place as I write. Too bad the USD/JPY forex signal has been smoked, but we think that the other live signals will hit take profit soon.
The smooth 100 MA in EUR/USD is providing solid resistance