Although the USD Index moved a bit lower yesterday, the buyers didn’t give up and tried to push the greenback higher earlier today. Do they have more space for growth? Where can we see a reversal and what impact will it have on our currency pairs and our wallets?

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Recent days was very good for the bulls as the greenback extended gains and came back above the level of 90. Does everything good have to end? Where are currency bears?

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Well, not literally, but the British pound has definitely seen better days. And the worse it gets for the pound, the better is gets for those who followed our analysis as we’ve been shorting this market almost right from the top. The support, however, is just around the corner. What’s next?

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Since the beginning of the week the EUR/USD chart has already bored us awfully as the currency pair moved in a very narrow range slightly above two very important support lines. When will we finally see the breakthrough and open position?

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Yesterday, the U.S. currency extended gains against the basket of major currencies, which resulted in a breakout above the previously-broken lower border of the declining trend channel. But can we trust this improvement?

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