JoeChampion

DXY Targeting more lows?

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TVC:DXY   美元指數
Hey Traders, in the coming week we are monitoring DXY for a selling opportunity around 103 zone, DXY is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend around the support and resistance zone of 103. We would consider Dollar shorts for the fact that US data continue to print soft and the market is expecting more of less restrictive monetary policy from the federal reserve. CPI data next week would be a good confirmation on where the market is trending.
Trade safe, Joe.

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