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We have seen a very strong risk-on reaction at the end of the past week, following the EU Summit, when the US dollar moved lower across the board as commodities and stocks found buyers.

When analyzing the markets, it is important to respect this kind of a reaction which usually shows a clear direction for the next few days of trading.

With this being said, it would not be surprising to see more bearish pressure on USD in this week.   But also keep in mind that the larger time frame still suggests that the current pull-backs are temporary and that larger uptrend on the buck will continue, but not yet. Video:

Guest post by Gregor Horvat

To find out more please make sure to check latest video analysis shown below. (S&P500, TLT, Crude Oil, EurUsd, AudUsd, GbpUsd)

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