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
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I'll provide an update on the major currencies after the Memorial Day holiday.