Happy new year to everyone! This will be the year where USD gets smacked around a little for the other currencies to run back where they were a few years ago. Coming into 2018, DXY got destroyed and I see this momentum still going for the first month.
- DXY WRECKED
- EU PUSHING NEW HIGHS WITHOUT GETTING SLAPPED
- MACD WEEKLY CROSSING
- FUNDAMENTALS AGAINST USD
For these reasons, we went long this afternoon.
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.