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Apollo421
Jun 3, 2020 9:28 PM

$DXY: A Greenback Smash for the Ages Long

U.S. Dollar Currency IndexTVC

Description

We confess to being Dollar bulls (although only in a general sense) given our bearish outlook for the global economy, but the greenback smash the Fed has orchestrated here over the last four weeks has been truly astounding.

What now? We're still long Dollars - too late to flip now. The 61.8% Fibo should prove formidable resistance but if it gives way a path to 99 is wide open and will likely happen quickly.
Comments
eclecticaries
This bull here got hit too hard.
kirksanderson3
I fkin got killed the the last four weeks!
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