DXY may be recovering from the rate increase from the Fed recently. We also have to consider the Fed is hawkish at this time with a potential increase in the future for USA. However, ECB has its own issues on its hands as of late. This amending channel looks strong but channels are also eventually broken. Will Euro finally rise above the key resistance level above? I will be watching this week for whichever direction that price will go.
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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.