The huge drop in the USD lifted other currencies such as the EURUSD which broke out of its consolidation.
The USD Index stopped right at 96.5 which is a major support level. A break of that level could lead to a new major short wave with the next target at around 95.
Watching the USD Index is a must for forex traders with exposure to the dollar. The dollar is clearly the dominant theme for the past 2 days.
The USD Index stopped right at 96.5 which is a major support level. A break of that level could lead to a new major short wave with the next target at around 95.
Watching the USD Index is a must for forex traders with exposure to the dollar. The dollar is clearly the dominant theme for the past 2 days.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
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> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.