The DXY is holding up nicely & still expecting a correction towards $108-$109 in the mid term. We can possibly experience fluctuation & volatility, which will be used to take out possible early buyers, but as long as you have a decent sized account, you'll be able to weather the volatility👌
The Federal Reserve hiked interest rates by 25BPS yesterday, so this should strengthen the Dollar in the short to mid term.
Drop a like/follow if you agree or let me know your bias✅
Trade active
â‹…
The DXY had a nice pump today, on the back of positive NFP data, shooting up 64 PIPS so far. We are still at the bottom of the market so much more upside to go.
We've now seen start of the month manipulation & liquidity grabs completed, so hopefully market structure should become more clear for the remaining of the month, from next week onwards👌
Comment
â‹…
The DXY is pumping absolutely beautifully to the upside🦾 Huge momentum currently in the markets, which'll carry on pushing DXY towards $108. $107 - $109 will be a good price to start shorting USD markets for the long term.