Double Bottom On US Dollar Index, Just Another Reason To LONG

2020年7月18日

The concerns over the second wave of Covid-19 has put US Economy into recession again, mostly on retail and manufacturing sides. However, double bottom on the chart gives us a hope that the US Dollar Index might recover in the short run.

Key Trading Plan:

i) LONG from the current price with the Take Profit Target at 97.84.

ii) SHORT if the price breaks the support level 95.72 with the Take Profit Target of 95.08.



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