DXY will bounce off the .786 (first Fibonacci sequence) level, rallying into late-London session and New York. This will fuel selloffs on majors such as EU, GU and, NU. The 200hr SMA on the 15 min and 5 min timeframes imply some bullish strength, which we believe will fuel the rally into the early morning (Toronto Time -GMT-4)
The rekindling of stimulus talks by Trump will have a positive impact on DXY, but will also raise concerns as continued fiscal support will be needed to continue into
We expect a drop as we move into Asia to the 93.54 level. Liquidity will be provided by London to fuel the rally into New York.
As always this is an opinion, not financial advise, use risk management that matches your risk tolerance.
Cheers for the view!
Granborough Capital is committed to providing high probability set-ups through disciplined risk management and account growth.
The rekindling of stimulus talks by Trump will have a positive impact on DXY, but will also raise concerns as continued fiscal support will be needed to continue into
We expect a drop as we move into Asia to the 93.54 level. Liquidity will be provided by London to fuel the rally into New York.
As always this is an opinion, not financial advise, use risk management that matches your risk tolerance.
Cheers for the view!
Granborough Capital is committed to providing high probability set-ups through disciplined risk management and account growth.