PipCountFX

EUR/USD & DXY Trade Update

Long
TVC:DXY   U.S. Dollar Currency Index
Here is a video update for the trade set up's I recently posted for EUR/USD and DXY index.

U.S Dollar weakness is strong across the FX market as low-interest rates in the U.S, a negative current account balance, alongside a big fiscal spending package from the Biden's administration from January, is the consensus view across the markets to cause a structural bear market trend for the U.S dollar in 2021.

The U.S Dollar Index is continuing to weaken as a result offering a short sell set up ( DXY ).

Kayan Kalipha