US Dollar is top in place. Agree or not?
Hi I disagree. I am looking for a breakout of that structure. The euro needs QE. If this happens then we are looking at price moving past 90. Your long term chart shows there is a lot of room to the upside imho. I follow the dollar index closely so we'll see how it plays out. Mind you if it shows its hand to the downside I will not hesitate to short it
The dollar is at a stage where in the past, similar setups have produced a 4 year rally. The DXY is in a cycle where the current leg is an acceleration phase where the dollar could enter a strong bull market. Although it could fail, since nothing is written in stone. IMO the dollar is going much higher!