DXY:
next week should stabilize @ 89.51.
--- If there is no break and close on a daily basis, then a strong recovery can be expected.
There are 2 conditions for the bullish medium-term recovery:
1. Prices rising above 91.30 on a weekly basis
2. Prices rising above 93.22 on a monthly basis
If this view holds true, EURUSD and gold will not do so well.
next week should stabilize @ 89.51.
--- If there is no break and close on a daily basis, then a strong recovery can be expected.
There are 2 conditions for the bullish medium-term recovery:
1. Prices rising above 91.30 on a weekly basis
2. Prices rising above 93.22 on a monthly basis
If this view holds true, EURUSD and gold will not do so well.