Trading2ez

IF DXY breaks this LEVEL we gonna see a huge DUMP in FX

Long
TVC:DXY   U.S. Dollar Currency Index
Hey tradomaniacs,

sell-off in the stock-market is to be continued even though we had good earning-reports in the stock-market.
This is showing significant fear and worries for the upcoming election and lockdowns in EUROPE.

If DXY (US-DOLLAR-INDEX) breaks the current resistance of the entire support-level we might see a nice pump and so a huge DUMP for majors against USD!
Watch the price carefully here as fakeouts can always be possible.

Fact is: If we see more risk-off-sentiment we will see more demand in USD!


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Peace and good trades
Irasor

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Comment:

Comments

I think the dollar will get more strenght
great analysis
+1 Reply
Trading2ez Gastunechi
@Gastunechi, Thanks budy =) let`s see
Reply
nice chart jeremy.
Reply
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