makromoo

DOLLAR INDEX SELL IDEA

Short
TVC:DXY   U.S. Dollar Index
The Dollar Index is Finally seeing some bearish momentum.
This view is supported Both technically and fundamental.

Breakdown:
Technical:
On the larger picture (Daily) we need to see a pullback.
Breaking out the channel.

Fundamental:
Trade truce with China = Full Risk on Market -> weaker us dollar

I will not sell right away, the risk reward does not make sense.
I will wait for a setup to sell.
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