Target is at 88.240. The only current factor which could push the dollar out of the navy blue consolidation range is a return of inflationary fears (US CPI will be updated tomorrow). Besides that its on a one way street down to 88.240. Weekly MACD is also set for a cross-over sell signal.
A host of repetitive Fed speakers will also be paraded in front of the media today but the narrative will remain the same, more easy money...
A host of repetitive Fed speakers will also be paraded in front of the media today but the narrative will remain the same, more easy money...