$DXY about to break 104 Structure Lows !
Violating 200EMA last week with daily closes, Dollar Index is approaching lots of supports below 200EMA,
such as 104 Lows of straight vertical uptrend before last CPI numbers #
101 would be considered the most huge support to expect bounces on DXY .
104 being broken down below would give the FX markets and other Financial Markets opportunities to extend their rallies with mainstream media supporting Fed's Decisions during holidays, as if everything is okay and USA economy will prosper once again for the herd.
Next week DXY would confirm which direction other markets will be headed,
either to the North or the South.
Until then ;
TRADE SAFE
Note that this is not Financial Advice!
Please do your own research before considering trading based on this idea
Violating 200EMA last week with daily closes, Dollar Index is approaching lots of supports below 200EMA,
such as 104 Lows of straight vertical uptrend before last CPI numbers #
101 would be considered the most huge support to expect bounces on DXY .
104 being broken down below would give the FX markets and other Financial Markets opportunities to extend their rallies with mainstream media supporting Fed's Decisions during holidays, as if everything is okay and USA economy will prosper once again for the herd.
Next week DXY would confirm which direction other markets will be headed,
either to the North or the South.
Until then ;
TRADE SAFE
Note that this is not Financial Advice!
Please do your own research before considering trading based on this idea
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