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U.S. Dollar Buying? … not so fast

From tradestation.com

The U.S. Dollar Index has continued to chop. Despite my aversion to committing to a longer-term buy, the dollar could get tired up here. While dollar shorts are not part of the plan for my trades, I have a few pockets of dollar weakness plays. For one, I have the NZD/USD fade buy and a GBP/USD swing buy...while the based currency of each is the driver of trade, they are USD sells. Dollar weakness has been fine for the NZD/USD and GBP/USD long positions but my preferred trade has been the EUR short sells. U.S. Dollar Index weakness would stabilize to possibly strengthen those shorts. Staying on top of the exhaustion ... (full story)

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