U.S. Dollar Index makes 1.2% gain on Euro concerns

Not many trading opportunities right now, but the Euro, along with other currencies, takes a dive as the Greece talks continue without much progress it seems.

The U.S. Dollar makes significant gains we have seen in quite some time. Here is a look at the USDX or U.S. Dollar Index.

U.S. Dollar Index
U.S. Dollar Index

Still currently below the 50-period moving average, but above the 200-period moving average. The MACD also hints at a crossover while price looks to move to the 97.5~ level. Since this year, the USD failed to break past the 100~ price level showing the Euro still has it’s strength as it has the heaviest weight in this basket of currencies.


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