Dollar index will most likely go up over the next few weeks from a technical prospective. Bouncing off from support level.
From Fundamental side, some offshore investments will likely be pulled back to U.S. and borrowing to be done with U.S. banks due to perceived lower interest rate + safer environment.
Converting foreign currency to USD to purchase U.S. stocks will increase USD strength too.
Stoploss just below the support level. if stopped out monitor for re-entry opportunities.
Good luck
From Fundamental side, some offshore investments will likely be pulled back to U.S. and borrowing to be done with U.S. banks due to perceived lower interest rate + safer environment.
Converting foreign currency to USD to purchase U.S. stocks will increase USD strength too.
Stoploss just below the support level. if stopped out monitor for re-entry opportunities.
Good luck
Trade active:
Move stop to breakeven
Comment:
103.890 is good take profit level
Comment:
Price movement stopped. time to take some profit, half or quarter.
Trade closed: target reached:
partial close
Comment:
near target
Trade closed: target reached:
Trade closed, target reached.