We have been eyeing the bullish inverse head and shoulders that has been developing and we finally got our break today... onwards and upwards
Been waiting ages for a break on this ETF... its just looking more and more bullish. I think we can see an explosion higher when 19.15 eventually breaks targeting 19.80. Been building a position while it has been consolidating
I am not as bearish on dollar as general market consensus. From a technical perspective: - Sitting on good weekly support - RSI divergence - RSI oversold territory - Extended from 20SMA Slowly scaling into my long term portfolios at these levels for a bounce -think the RR is decent and a 1.4% divi yield helps. Good diversification option (dollar & fixed income).