DXY is basically just USDEUR and is mostly boring in a grinding uptrend a lot of the time. A lot of hand wringing about the dollar losing strength might go nowhere soon as this turns out to be just another dump before an explosion higher in DXY. Now's (or soon) might be the time to put on your longs for $UUP etc. Buying UUP $28 or $29 calls 30-90 days out could potentially offer a good risk/reward balance to make a tidy profit on dollar bulling. Take a look at the RSI. It's very unusually low levels.
Look for the first wiggles of mean reversion or strength for the opportunity to get in on this trade. Catching the current falling knife is likely to be an exercise in frustration.
Look for the first wiggles of mean reversion or strength for the opportunity to get in on this trade. Catching the current falling knife is likely to be an exercise in frustration.