During the FOMC conference, the dollar was seen climbing steadily but took a sudden twist which led to an unstoppable bearish force.
It was quite an unexpected turn of event as it has been quite clear that the Fed is unlikely to cut rate any further this year and that should boost the dollar.
It soon turned out that EURUSD, as well as gold, turned bullish, even US30 climbed too.
Is the dollar facing a risk of a selloff? Is the dollar going to face a crash landing at the bottom of a 50month rising channel?
We shall look into it again once today's daily candle closes, as well as the monthly candle closes.
It was quite an unexpected turn of event as it has been quite clear that the Fed is unlikely to cut rate any further this year and that should boost the dollar.
It soon turned out that EURUSD, as well as gold, turned bullish, even US30 climbed too.
Is the dollar facing a risk of a selloff? Is the dollar going to face a crash landing at the bottom of a 50month rising channel?
We shall look into it again once today's daily candle closes, as well as the monthly candle closes.
