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Trimming profits in the dollar
Invesco DB USD Index Bullish Fund ETF
Long
Trimming profits in the dollar
By bkenwell
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Nov 3, 2022
1
Cheer
Cheer
Nov 3, 2022
Dollar pulled back into that $29.50 zone of support and more importantly, the 10-week ema.
That gave us a "bend don't break" reaction as it ultimately held as support. Now rotation higher, I'm looking at a trim in the $30.40 to $30.50 area.
That lets us move to a B/E stop (or higher) and turn our attention to $30.50+ to see if the UUP can gain momentum.
Cheers
dollar
dollarindex
Trend Analysis
UUP
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