Kumowizard

Careful with USD longs now! Trail your stops!

TVC:DXY   US Dollar Currency Index
104 1 11
What could drive USD a lot highyer from here? Obviously an "unexpected" rate hike. Will it happen? I doubt, but of course we can not exclude it.

However if we look purely at technical picture, we have some warning signals, that holding too much long USD exposure may not be a very good idea. Especially if we have been long since 94,50-95,10.

Weekly:
- Ichimoku is neutral. Price reached top of spot Kumo and possible trendline , ard 97,50+. This is a resistance now.
- Heik