Direct from the desk of Dane Williams.
The forex majors are my trading bread and butter.
You've no doubt heard traders talk about how they love big, volatile moves in the exotics.
Well, not me.
I'm all about the smaller, yet more predictable moves that we get in the majors.
As a result, the USDX is always somewhere on my MT4 watchlist.
I never trade it directly, but it's a great guide for the state of the market at any particular time.
So what do we have today?
USDX Daily:
It's worth highlighting the dissipation of USDX volatility, as the index coils up into a tight range.
Is this the calm before the storm?
We'll certainly soon find out.
EUR/USD remains on daily support and ready to pop either way.
Mark your levels and trade your levels - It's all we need to do.
Best of probabilities to you,
Dane.
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