Just as the weather patterns have dissipated before they hit the Wasatch Mountains, it seems as if the forex markets are finding a bit of stalled momentum. There definitely isn't any stalled momentum when it comes to tourists arriving to Park City. Merchants such as Locals Have More Fun are very happy to see them!
The dollar has strenghtened quite significantly over the past month or so, but unless you are holding long term positions, the daily moves have been quite choppy. It seems as if there could be some support coming to the cross pairs, which may stop the dollar from strengthening - but the location and timing of that play haven't arrived yet.
Short term trades are still there - we had a nice move after the release of US GDP that allowed for a DOUBLE FALL LINE TRADE (sleepy eyed, I hit the wrong pair!).
FYI, for all of you Larry David Fans, there is a very funny "ski" attempt by JD Smoov at the Deer Valley Celebrity Ski Classic/Waterkeeper Alliance Fundraiser - I am sure it is on You Tube by now.
Happy Trading and Be Environmentally Cool
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