The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
EUR/USD: forecast for June 26-30
The CFTC’s Commitment of Traders report (COT) shows that speculative longs on the euro have reached extreme levels. This creates a risk of these bullish positions being snapped and the euro going down. Traders need to bear this in mind and trade cautiously.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.