Had the impression that DXY may stay consolidated. However, yesterday's Core PPI news pushed DXY out of blue box, indicating bullishness (as highlighted in previous post).
I view this as a Bear market rally for US Dollar.
This rally may reach up to the stated upside target (which is the Daily Volume Imbalance). For now, USD risk off scenario.
Expecting DXY to tank once that level is tapped. Yes, I am still Bearish USD mid - long term.
By Sifu Steve @ XeroAcademy
I view this as a Bear market rally for US Dollar.
This rally may reach up to the stated upside target (which is the Daily Volume Imbalance). For now, USD risk off scenario.
Expecting DXY to tank once that level is tapped. Yes, I am still Bearish USD mid - long term.
By Sifu Steve @ XeroAcademy