DXY -16/12/2020-
• Dollar index in a bear trend
• Broke ascending trend line since 2010
• Next target for bears is 89.69 (2009 high)
• Second target is 88.80 (2010 high, 2018 low)
• Means higher prices for EUR/USD, which aims to 1.25 now
• Broke ascending trend line since 2010
• Next target for bears is 89.69 (2009 high)
• Second target is 88.80 (2010 high, 2018 low)
• Means higher prices for EUR/USD, which aims to 1.25 now
Ramzi Abou Abdallah, CFTe, CMT
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.