Idea for USD (DXY): - DXY has been on a decline. - However, Trade Weighted DXY has yet to decline, such that it is difficult to tell what exactly it will do next.
- This means that the dollar has been losing strength mostly against the Eurozone. - It is possible that the dollar will continue its decline:
- However, in a shorter time frame, it is looking likely for a small bounce.
- Looking at the EURUSD chart, a likely trade setup is forming:
Key EURUSD resistance:
Speculation for the long term:
GLHF - DPT
交易進行
EURUSD rejected at key resistance driving up the dollar