DXY REVERSAL. US DOLLAR TO RALLY HIGHER.
After the coming weak i think we have the dollar hit a monthly upwards sloping trend line which has acted as support for the FXCM DXY previously.
Despite the government shut down, I can see a zone where we may get support occur with the bounce off the monthly Trend line.
I have defined my line in the sand with the rectangular area. If nothing else we may see a pull back to value.
This will translate to US pairs across the board. So take cues from the EURUSD. Watch that lower time frame on the EURUSD for changes in current bullish bias.
Despite the government shut down, I can see a zone where we may get support occur with the bounce off the monthly Trend line.
I have defined my line in the sand with the rectangular area. If nothing else we may see a pull back to value.
This will translate to US pairs across the board. So take cues from the EURUSD. Watch that lower time frame on the EURUSD for changes in current bullish bias.
