Eddied01

DXY Rally from a double bottom or heading for 94.7?

TVC:DXY   U.S. Dollar Index
7
For me personally to close to call tonight. Any views?
Strong GDP numbers tomorrow and we should at least see a nice bounce up, could close the gap around 98.1 in the short term
Weak GDP numbers and we will probably see 94.7 very fast.

Strong GDP numbers backed up by more positive fundamental indicators plus some good news in general and DXY could rally from a double bottom and not look back for a while.

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.