May 27, 2010
U.S. Dollar Down on Increased Demand for Risky Assets
The U.S. Dollar traded sharply lower on Thursday, giving the first indication in weeks that the event driven rally may be coming to an end. Pressure was on the Dollar all
day led by the strong turnaround in the Euro. Additional pressure came from increased interest in stocks and commodities. Technically, overbought conditions also contributed to the Dollar’s weakness.
The current chart pattern suggests the formation of a possible double-top with a confirmation …
