Euro USD failed to break out - false signal. Now poised to go back to lower range of the channel that has been in place since 2008 high against the dollar. All-time low is around 0.82 Eur/USD. Extending the downtrending channel out, we can see the EUR/USD at 0.82 - 0.85 range in 2025. Since Euro is the biggest part of the DXY basket, we can expect USD strength to continue.
Creates a headwind for commodities, multinational companies, emerging countries (i.e. Sri Lanka)
I agree that there is a long term structural commodity bull cycle but commodity prices and equities may be held in check since commodities are mostly priced in USD.
From mod @zAngus