Dollar momentum fading, bearish divergence

Short

U.S. Dollar Index (TVC:DXY)

Updated

TVC:DXY U.S. Dollar Index

dxyshort dxy dollar dollarshort dxyindex

Bullish momentum fading.

Bearish divergence.

This is bullish for EURUSD, bearish for DXY.

This is in line with fundamentals, with a June rate hike almost fully priced in to the market.

Comment:

Perfect

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