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fredericpelletiercote
May 8, 2019 3:02 PM

Retest is done, now it's time to go up!  Long

US DOLLAR CURRENCY INDEXINDEX

Description

DXY relies at a crucial point right now. We could see a huge movement to the upside following this last fib 61.8 retest. It will be important to see how the US dollar moves today and for the remaining of the week. A break of the trendline could also be the start of an enormous downside move but as I said I'm bullish on this one. Next target should be at least 98.5 but we could eventually see the DXY going as far as 100!
This should lead to multiple occasions on the US pairs.
Cheers!
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