Michael_Macdonald-XATSUK

USD ETF UUP extending losses. Stop Loss lowered

Short
AMEX:UUP   Invesco DB USD Index Bullish Fund ETF
Selling pressure increasing.
bear Signal at 26.15 deepening.
Potential for a break below the 25.94 Fibonacci retracement and 25.93 low of 16 February.
Bearish studies to limit any immediate bounce.

Stop Loss lowered to 26.27.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.