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Greek fears send dollar lower, yet key support provides bounce
The US dollar has been hit badly by fundamental news this week. However, the selloff seen overnight has been eased momentarily by a bounce from the 10 July low of $95.66. This looks like it could bring a bullish engulfing pattern, and while the overall picture now looks significantly more bearish for the medium term, the short term could provide a bounce back towards $96.15 resistance. Ultimately I am bullish over the short term unless price falls below the $95.66 level. Watch the short term intraday charts to see the creation of a new higher high and higher low for greater confidence.
