As expected, the Fed will continue its quantitative easing program to keep long-term interest rates very low, despite encouraging signs of recovery. Tighter monetary policy would make the dollar more attractive to investors . Nonetheless, keeping interest rates low amid an improving US and global economy is a good recipe for the greenback to continue falling.
Im long until the main support line is invalidated, then il just DCA and load up those dollars.
My chart is pretty basic, i like to keep it easy and simple since everything moves in waves anyway.
Good luck, Cyrus
Dollar Milkshake Theory appears to be in play. We have the textbook Cup and Handle; it may need to confirm the top of the Cup, but I am optimistic that USD will run on the weekly to monthly time frames, which is why I'm denominating all my crypto margin trades in EUR. I'm expecting well above 1.00, maybe 1.20. Also check out the 9 Season Rainbow, I quite like it,...