News Column

Dollar Outlook Improving but Hurdles Ahead: EUR/USD, USD/JPY, AUD/USD

February 21, 2014

Christopher Vecchio

Talking Points:

- US Dollar rebound gathers shape after bottoming on Monday.

- GBPUSD looks vulnerable, as does USDJPY.

- EURUSD only susceptible under 1.3670/85.

The US Dollar bottomed out on Monday, and has posted a modest rebound over the past 5 days. However, all is not clear as former key support from December and January lies ahead, and it will be crucial for the broader USDOLLAR Index to overtake 10620 if a true reversal is to gather pace.

Follow him on Twitter at @CVecchioFX

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Source: DailyFx

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