40/60% on this make up.
40% of me thinks we test 99,19 with a last dance type of rally
60% of me thinks we are f*cked in the US and the recession is OTW by July 4, 2020.
we can win on both sides however with a 99.19 test THEN the plummet.
DXY has been bought by all 4 session today as the last 2 4HR candles end bullish .
NFP is tomorrow as well to make matters sticky.
Tomorrow is first day EU banks will be open in since Friday of May 29.
Safe trading!
40% of me thinks we test 99,19 with a last dance type of rally
60% of me thinks we are f*cked in the US and the recession is OTW by July 4, 2020.
we can win on both sides however with a 99.19 test THEN the plummet.
DXY has been bought by all 4 session today as the last 2 4HR candles end bullish .
NFP is tomorrow as well to make matters sticky.
Tomorrow is first day EU banks will be open in since Friday of May 29.
Safe trading!
Comment:
Looks like we are heading for 96 or lower... IDK what will pump the dollar but all the internal chaos going on + looming phase 2 of COVID does not brew well for DXY.
Comment:
Bounced off 96 and headed back up to possibly test 97.88 the 618 fib level.. I think Tuesday-Wednesday of next week will tell the either continuing direction or a fail test and a shot at sub 96