The dollar headed for its biggest weekly gain against the euro since November.
Bernanke signals additional rate hike. The USD has become dependent on a wide interest rate differential to sustain the US current account deficit.
Technical outlook:
Look familiar? Simple Momentum + Moving Average setup on your technical-chart screen will certainly help you to trade on the right side of the market for the current two weeks.
A longer time-frame chart such as 240-minute is always helpful in removing short-term false signals.
If you uncertain about the direction of the market, better wait till the indicators to develop and lead the way.
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