Dollar is still holding bullish ms being bought up from the lows of 89 price level (june fomc taper rumours dollar being bought up from lows)
If you look at the higher time frame we can see that dollar is near a very crucial price point and has been ranging near the weekly highs and monthly highs, this week we did not see much impact since next week we have FOMC Meeting Minutes where we will try to gauge if the US Economy is still on the road of higher rates of recovery.
@YIQI, i think that is very possible bro. Especially, fundamentally we are seeing the Economy returning to pre-pandemic levels(labor market overall recovering + consumer spending) - waiting for Feds to start the tapering process from Q4 thru to Q2 2022 and then also interest rates hike is all bullish confluence on the Dollar... as long as we do not have any lockdowns and shut down of economies but until then we are bullish i believe
YIQI
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@KimboSlice04, thanks your for sharing...Actually I want long Eurusd...I just don’t know how much to buy it...hahaha