Magnatrio

DXY (dollar index) analysis

Long
INDEX:DXY   US DOLLAR CURRENCY INDEX
I believe the US dollar is still very bullish. This drop it has been experiencing, I believe is a retracement. I Expect price to drop as far as the support and I will be looking for opportunities to go long in the golden zone of the Fibonacci tool. This outlook on the DXY matches very well with my analysis of the EURUSD. I believe EU is still very bearish, and a bullish retracement is expected.

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This is not financial advice. Trade at your own risk.
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