The DXY (US Dollar Index) is displaying a robust bullish structure that indicates a positive outlook for the US economy. The expanding economic conditions in the USA are contributing to this upward momentum. However, it is worth noting that the USD is currently approaching an overbought status in the market. This suggests that a retracement may be on the horizon before we witness further bullish signals in this particular area. there is a good opportunity for shorting USD in mid term....
Targets : 103.600
Targets: 103.200
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
Targets : 103.600
Targets: 103.200
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
Comment:
I'll provide an update on the major currencies after the Memorial Day holiday.
Trade closed: target reached
