DOLLAR INDEX SELL IDEA
The Dollar Index is Finally seeing some bearish momentum.
This view is supported Both technically and fundamental.
Breakdown:
Technical:
On the larger picture (Daily) we need to see a pullback.
Breaking out the channel.
Fundamental:
Trade truce with China = Full Risk on Market -> weaker us dollar
I will not sell right away, the risk reward does not make sense.
I will wait for a setup to sell.
This view is supported Both technically and fundamental.
Breakdown:
Technical:
On the larger picture (Daily) we need to see a pullback.
Breaking out the channel.
Fundamental:
Trade truce with China = Full Risk on Market -> weaker us dollar
I will not sell right away, the risk reward does not make sense.
I will wait for a setup to sell.
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.