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FTUKcom
Apr 19, 2021 9:43 AM

The Dollar index has extended declines across the board... Short

U.S. Dollar Currency IndexTVC

Description

The Dollar index has extended declines across the board as US Treasury yields maintaining a mild bull-flattening bias from prior outlooks, but also on increasingly bearish technical momentum as several Buck/major pairings breach key and psychological levels and the DXY itself breaches 91.500 to probe support around 91.300 within a 91.748-125 band.

However, the index and Greenback in general may benefit from underlying bids into 91.000 given that large technical factors are pointing proximity at 91.019 today.

I expect some immediate further decline.

But overall will be keeping close eye on the next couple of days for longer term bias.
Comments
UnknownUnicorn15614419
Perfect idea! Which SL I can use?
FTUKcom
@TradingStat, Use your own initiative and correlate it with the instruments you trade.
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