For the Dollar index, it is believed that having a bullish trend... This is because all the NFP, CPI, Unemployment, GDP and etc showed good results...
94.5 is a strong price support level, if the USD index backtests under this price level and does not break through; a bounce's bullish trend will continue...
There are a few currency pairs we can observe...
If USD is strong, EURUSD bearish trend; GBPUSD; USDCHF bullish trend...
If USD is weak, AU short bullish trend...
EURUSD might be the best currency pair planning for a long term bearish trend due to a few reasons, where the covid-19 cases in Europe are getting serious and few countries have announced to lockdown, plus US has just announced that TAPERS is started, hence EURUSD is the best currency pair to plan for a bearish journey...
*It is a personal sharing and analysis for references purposes only, if any mistaken information, I'm here to apologize with everyone, and if you wish to follow this trend, self-risk management, thank you very much*
94.5 is a strong price support level, if the USD index backtests under this price level and does not break through; a bounce's bullish trend will continue...
There are a few currency pairs we can observe...
If USD is strong, EURUSD bearish trend; GBPUSD; USDCHF bullish trend...
If USD is weak, AU short bullish trend...
EURUSD might be the best currency pair planning for a long term bearish trend due to a few reasons, where the covid-19 cases in Europe are getting serious and few countries have announced to lockdown, plus US has just announced that TAPERS is started, hence EURUSD is the best currency pair to plan for a bearish journey...
*It is a personal sharing and analysis for references purposes only, if any mistaken information, I'm here to apologize with everyone, and if you wish to follow this trend, self-risk management, thank you very much*