Trade Weighted U.S. Dollar Index: Advanced Foreign Economies, Goods and ServicesFRED
Description
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I belong to Old School and I think in a vision on very long term that if Interest Rate goes UP then Currency will follow it. Therefore trendline on 10Y very important to test future of Dollar. What do you think ?
Interest rate is bound to go up USA is looking pretty good with there unemployment rate going down and looking strong with these Trade Sanctions on Jina and that's how Trump likes it and will want it to appear
The last Rate hike last week or week before was obvious if you follow any sort of Forex related News
Trouble is i see the EURO going up Technically but could be wrong
Next Stop EURUSD up is 1.20000
280 Pips away
It will be returning to previous levels EURO Loves to do that Current Down Trend according to my Technical analysis is over : )
Harmonics if you believe in those which i do take into consideration as a confluence factor they are pretty good or this one is
say next target on the
Montly is 1.3000
The last Rate hike last week or week before was obvious if you follow any sort of Forex related News
Trouble is i see the EURO going up Technically but could be wrong
Next Stop EURUSD up is 1.20000
280 Pips away
It will be returning to previous levels EURO Loves to do that Current Down Trend according to my Technical analysis is over : )
Harmonics if you believe in those which i do take into consideration as a confluence factor they are pretty good or this one is
say next target on the
Montly is 1.3000
Check it out bro : )
charts.mql5.com/18/731/eurusd-mn1-admiral-markets.png