Idea for USD (DXY):
- DXY has been on a decline.
- However, Trade Weighted DXY has yet to decline, such that it is difficult to tell what exactly it will do next.
- This means that the dollar has been losing strength mostly against the Eurozone.
- It is possible that the dollar will continue its decline:
- However, in a shorter time frame, it is looking likely for a small bounce.
- Looking at the EURUSD chart, a likely trade setup is forming:
Key EURUSD resistance:
Speculation for the long term:
GLHF
- DPT
- DXY has been on a decline.
- However, Trade Weighted DXY has yet to decline, such that it is difficult to tell what exactly it will do next.
- This means that the dollar has been losing strength mostly against the Eurozone.
- It is possible that the dollar will continue its decline:
- However, in a shorter time frame, it is looking likely for a small bounce.
- Looking at the EURUSD chart, a likely trade setup is forming:
Key EURUSD resistance:
Speculation for the long term:
GLHF
- DPT
Trade active:
EURUSD rejected at key resistance driving up the dollar
Trade active:
Still holding the arc:
Trade active:
Update:
Trade closed: target reached:
target hit! Beautiful
