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KayansMarkets
Dec 3, 2020 2:43 PM

EUR/USD & DXY Trade Update  Long

U.S. Dollar Currency IndexTVC

Description

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).
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