Quick Update on the DXY, we're seeing this downtrending trendline, price has been respecting. I'm looking for a loss of strength in the USD over this week based on technicals. HOWEVER, we have a lot of high impact news regarding the US Dollar this week therefore I would trade with caution. Be strict with risk management on USD pairs.
If the dollar does in fact lose strength, USDXXX pairs will sell and XXXUSD pairs will buy.
The dollar is relatively strong as of right now. But price is on a solid downtrend.
If the dollar does in fact lose strength, USDXXX pairs will sell and XXXUSD pairs will buy.
The dollar is relatively strong as of right now. But price is on a solid downtrend.