The dollar (DXY) has been rising higher as expected. 2 weeks ago we published an update in which we mentioned that dollar was simply taking a healthy correction for the next move upwards. Dollar Index has exactly done that. It has tested an FCP zone and trend lines and gone up for parabolic move.
Dollar can still rise to 100, 103, 105, 113 on the bullish side. There are several gaps available on the dollar which means that at some point in time it will fall to 90 but when, that no one knows. So manage your positions and risk.
Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too
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Take care and trade well -Vik
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