TIME FOR FOREX - IS THE DOLLAR ABOUT TO DROP?

Further to our previous Tradingview posts, the World's exchange currency, the mighty Greenback is under support and could potentially freefall.

Again, some hawkish statement from the Federal Reserve will be needed to save the day. Some indication of an upcoming rate hike might do the job...or it might not.

Until such an event happens (Feds commenting or deciding on monetary policy adjustments) the dollar will be dropping, as only news can boost it up at this point.

ps. Dollar index measures dollar against a basket of other major currencies

the FXPROFESSOR