OptimoomFX

DXY- A break under 92 means disaster for USD (weekly outlook)

Short
TVC:DXY   U.S. Dollar Currency Index
For 3 months now, DXY is trading in a range between 92 zone support and 94.50 zone resistance.
Although the 92 support has not been broken yet, USD seems very weak with all rallies being very well caped by bears.
I believe that this support will fall eventually and USD will spiral down to 88 support.
In this context AUD, NZD, GBP, and EUR should be bought against the dollar and I'm looking for a medium-term gain of around 5% for these pairs
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Comments

Yupe looking forward to that pattern
Reply
@BBBH, yeap, me too. Audusd and eurusd buy for start
+1 Reply
common give us direction ,, break below
Reply
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