Sforex

USDOLLAR: SURRENDER AT KUMO CLOUD ?.

INDEX:DXY   U.S. Dollar Index
110 0 2
This week, I watch Kumo cloud carefully. DXY             needs to escapse Kumo cloud to confirm the bullish trend . Recent days, DXY             tried to test Kumo cloud but unfortunately, it rejected this strong support.

No major US data this week, just a piece data :Retail Sales : could affect to USDollar             , I think DXY             just find momentum from other counterparts such as NZD, EUR, and JPY this week.

IT'S VERY DIFFICULT FOR EUR TO FALL DOWN, BUT I HOPE DXY             COULD BREAK KUMO CLOUD; OTHERWISE IT WOULD RETEST THE LOW AT 93.35

Next week, we have a risk event: FED Meeting, risk appetite could trigger BUY orders ahead the meeting because Traders believe that FED will be more hawkish to prepare for first rate hike.

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