DXY Dollar Index Up 4.5% now and Approaching Upside Target at 94.20
After a brief period of consolidation off the early May highs
DXY has continued onwards towards the longer term target at
94.20. it's rallied 4.5% in the last 30 days. At 94.2 it will be 5%.
Stay long here and on USDEUR and USDGBP (see relevant
charts) until we get there, or just under.
It...
DXY Dollar Index Update May 8th
The dollar continues its advance towards the target at 94.20
but in the nearer term it's just approaching the next
resistance lines, closely positioned at 93.32 and 93.42.
It should consolidate the last impulse here, coming back to
test the lower parallel one more time before powering up to
the target at 94.20. If day...