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ridethepig
Aug 17, 2018 5:54 PM

Tracking the Greenback closely  Long

U.S. Dollar Currency IndexTVC

Description

=> We are starting to tread water in the golden ratio zone in the DXY after the recent breakout of the summer range
=> While we are now ticking in overbought territory we see a pullback as a buying opportunity based on recent bullish breakouts.
=> The knife in the wound in Turkey has allowed the Dollar to reconvert with interest rate spreads and correct divergences that have been in over for almost a year.
=> Good luck all
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