DavidBelleFX

USDx teetering on the edge

Short
TVC:DXY   U.S. Dollar Currency Index
After closing below 94 on Friday, this gives a lot of downside exposure as this close displays a lot of USD weakness. If you look at my idea on EURUSD and USDJPY , I have been a strong proponent of USD weakness since late December/early Jan. With the Euro looking like it wants to push up to 1.23/24 (linked) and USDJPY wanting to push lower to 102 and potentially lower yet to 96, it could be a very sharp and swift decline for the dollar.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.