Dollar is on support right now confluences being 61fib and major trend line and covid flight to safety high of 2020 this makes the level between 103-102.5 very interesting for a rebound.
if it does not bounce here id expect. small bounce at next technical level and then a major bounce at 100.
imo everything is lining ups dollar low, gold high stocks and indices are high look at DAX AND FTSE100 with SPX coming into key resistances. I expect reversal soon narrative of a bull run doesn't make sense at this point in time.
if it does not bounce here id expect. small bounce at next technical level and then a major bounce at 100.
imo everything is lining ups dollar low, gold high stocks and indices are high look at DAX AND FTSE100 with SPX coming into key resistances. I expect reversal soon narrative of a bull run doesn't make sense at this point in time.