DXY near bottoming?
We are coming to an interesting zone of strong support. DXY has been retreating over the course of this year.
The only thing that will save the dollar will be ECB and how they jawbones the currency, given eur makes up a huge percentage of the DXY.
Will need to be careful of potential bounces and manage risks accordingly. Best to wait for convincing breaks to change bias.
The only thing that will save the dollar will be ECB and how they jawbones the currency, given eur makes up a huge percentage of the DXY.
Will need to be careful of potential bounces and manage risks accordingly. Best to wait for convincing breaks to change bias.
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