In this special idea I will breakdown everything the US Dollar has done and what it is about to do.
Do you need proof? I have proof. If you don't have proof you're guessing.
Don't guess when it comes to the markets, know exactly what is happening or get out.
I have linked the previous few ideas below that are related to the US Dollar.
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Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY.
EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00.
A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00.
This offers us two trades...
We take a closer look at the US Dollar Index and the makeup of currencies within the basket.
If you don't want to trade the Individual US Dollar currency pairs we can sell the Index as the Dollar continues to weaken across the currency pairs that make up the Index.
We look at entry price strategies below a key technical support level 92.00