The Dollar Index
is just off a 12-year high, so making the next move higher will require serious conviction and is thereby more difficult to achieve. However, that doesn't stop the Greenback from moving on certain pairings. EURUSD
for example has a good range down to 1.05 which it is already actively tracking out. But pairs like USDCHF
sitting just below very major resistance may be more reticent. I think this eventual ends up bullish
, just a matter of time and catalyst.