daytradersfx
Short

This is IMPORTANT if you're trading USD pairs

TVC:DXY   U.S. Dollar Currency Index
The dollar index             is showing some short term signs of correction/bearish movement. We see a rising wedge and 3 consecutive missed weekly pivot points , that's a pretty big deal.

I'm not trading DXY             but I am trading USDJPY             , EURUSD             and USDCHF             so this chart will dictate some future positioning on those pairs.

If DXY             moves down to at least 98.40 area that could help with being able to move higher however I really like 97.50. A move into that second weekly pivot at 97.50 and some trend line confirmation back up would really help the confidence to sell EURUSD             and buying USDCHF             .
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