Dollar Index might put in a head and shoulders showing weakness

Although the last week has bucked the downward trend of the dollar index, most large speculators are net short based on the "Commitment of traders". I wanted to put my thoughts out that I am short USD against JPY/CHF/CAD/NZD as they are the furthest away from the longer term trend. I am using pretty tight stops and re-entering if as required as I don't believe the last week's bounce in the US dollar will continue. As always please use proper risk management.

Trade geschlossen: Ziel wurde erreicht:

Target move reached