A dovish FOMC statement despite the ongoing view of a rate hike but with market expectation having priced in such scenario, it will be harder to justify a stronger dollar.
An imminent Greece deal should unwind a safe haven dollar index trade
Technically, daily chart has an inside day formation at the upper bollinger band which send a strong signal that a reversal and pullback is very much overdue.
Conservative trade is to wait and sell at a break of 938 with stops at 12000 and target of 871 and 830.
An imminent Greece deal should unwind a safe haven dollar index trade
Technically, daily chart has an inside day formation at the upper bollinger band which send a strong signal that a reversal and pullback is very much overdue.
Conservative trade is to wait and sell at a break of 938 with stops at 12000 and target of 871 and 830.