Mihai_Iacob

DXY remains very bullish in medium-term

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CAPITALCOM:DXY   US Dollar Index
Since the 109 high, DXY corrected and dropped to 104 trend line support.
Two days ago, the index found strong bids and reversed strongly leaving a large bullish engulfing on our daily chart and suggesting the correction is over.
The index is trading comfortably higher above 2017 and 2020 highs which are offering now strong support and I expect a new high towards 110 in the weeks to come.
As a consequence, I'm looking to sell EurUsd, GbpUsd, AudUsd and NzdUsd

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