USD Versus the Europeans

As seen on the weekly chart displayed below we are in for a record week of gains of the USD against Euro and GBP; breaking support levels on both pairs makes you wonder how long can this move last and where it is headed. We will probably see a retest of those support levels, now turned into resistance, and a nice rejection from there will pave the way for what some will refer to as a  USD revival. As seen on the weekly chart displayed below we are in for a record week of gains of the USD against Euro and GBP; breaking support levels on both pairs makes you wonder how long can this move last and where it is headed. We will probably see a retest of those support levels, now turned into resistance, and a nice rejection from there will pave the way for what some will refer to as a  USD revival.

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