RichardSlanger

DXY to cool off very shortly

Short
TVC:DXY   U.S. Dollar Index
The dollar is approaching a crucial fib level that has conflunence with a major resistance line. Looking at
RSI we are reaching historic highs that have only been touched twice in the last 50 years. Based on mixed
market signals buyers may be looking to take back stock postions previously sold during more previous uncertain times.
Though a stock buyers market may be short lived, we have supporting TA that DXY may be looking to cool off.
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