My educated guess is that the dollar is moving similar to the first time trump was elected. I am expecting dollar weakness to abate early next year. A major swing low formed in early 2018 one year after Trump was elected first round. Let us see if a similar situation forms next year. For now with DXY structured bearish caution is warranted with Oil up and 10 yr remaining elevated. There is a prior up move in April and until a decisive break below the current area Price Action and circumstances in the middle east warrant caution for dollar shorts.
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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.