We confess to being Dollar bulls (although only in a general sense) given our bearish outlook for the global economy, but the greenback smash the Fed has orchestrated here over the last four weeks has been truly astounding.
What now? We're still long Dollars - too late to flip now. The 61.8% Fibo should prove formidable resistance but if it gives way a path to 99 is wide open and will likely happen quickly.
What now? We're still long Dollars - too late to flip now. The 61.8% Fibo should prove formidable resistance but if it gives way a path to 99 is wide open and will likely happen quickly.