Olu
Long

Dollar Index: Something has to give...

TVC:DXY   U.S. Dollar Currency Index
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4
Comments on the chart.. Price is winding setting up technical levels as it goes. Weak NFP data Friday but the $ still managed to thrash the euro big time. This makes me think something negative is brewing for the euro . Th euro makes about 45% of the dollar index so if something goes wrong with the euro the $ index will rally. As with triangle winding structures the breakout is usually explosive. I am bullish
Comment: big downside day today. If price does not turn up from here the whole bullish idea will be in jeopardy
Comment: The markets is playing games with this idea. Still bullish
Comment: Good day today for the US$ index. But price is not out of the woods yet despite the upmove today. Still bullish...

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