It's crawling on the for more than a month now. The continuous money printing of the central banks makes it possible for the dollar to be held above the . The more crawling we see the bigger correction we will have in October.
I make the call: by the close of next week Friday we will see sub 94 dollar price.
This vehicle is simply running out of time and the 200 is preventing every pop to go above 96.
...and you never know when the FED says enough is enough and throws some buck on the market before the elections.
We have a heavy weight seller at the 200 SMA- I wouldn't be surprised if it was the FED...
It will break this week. My bets are on the breakdown of this pattern...
That caused the opening gap in the DXY. Gold was not falling too much though.
1. What is the value of the dollar index? i mean, now price is 95 ?? what is 95?
2. If dollar drop mean dollar is not strong and EURUSD going to the sky, Correct?
3. If dollar rise mean dollar is strong and EURUSD going down, Correct?
Thanks for answer. I really appreciate your help.