Sforex

USDOLLAR:IT'S ENOUGH THIS WEEK. WAIT FOR MORE DATA

INDEX:DXY   U.S. Dollar Index
87 0 2
Like I said in recent topic of USDollar             .

It seems DXY             rejected to enter bullish zone ( blue zone) and bounced back from SMA50 and is stopping at SMA200 and Kumo cloud.

The 'selll-off' is contributed mainly by the sharp decline of US equity cause of increasing global slowdown especially China.

No major data from now to the end of week, just Q2 US GDP revision but I don't expect the data has significant impact on USDollar             .

This week nearly finish now.

We should wait more incoming data next week.
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