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U.S. Dollar Index

Sit & Wait...

By Trade_Journal
Updated
Sit & Wait...

DXY - Still within the range a break to either direction.

Trade Journal

Comment
It's just at bottom range, no significant change. Don't get too excited low liquidity and wide spread - this should move further mid week for further clarification!
Comment
Fundamentals: A lot of data Weds, Thur & Fri

FOMC Wednesday
Comment
We currently at resistance, break above current levels 1.05 3/4 areas next area.
Comment
back in range, we got lot of US data coming out this week.... Get ready!
Comment
Once mins come out from FOMC things are going to be shifted or we could be in range...Be aware of your positions. Precious metals slumped a little due to ISM...lets see if this continues if it does I expect dollar rally shorter term... If NOT - THE TREND IS YOUR FRIEND!!

Trade Safe,

TJ
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Trade_Journal

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