The US will be the safe haven of EU weakness.
The dollar index has gone up Friday and this might continue !
I see a nice pullback to the 1.12000 level which is the daily 200 EMA but also one big Monthly 0.382 Fib Retracement. The RSI could reach the 50 level again before plummeting.
If the pullback doesn't occur we might short on a correction wave !
The dollar index has gone up Friday and this might continue !
I see a nice pullback to the 1.12000 level which is the daily 200 EMA but also one big Monthly 0.382 Fib Retracement. The RSI could reach the 50 level again before plummeting.
If the pullback doesn't occur we might short on a correction wave !