Hello Traders,
We hope you have been a nice weekend.
In this outlook, we will be going to have look at the DXY. (Dollar Index)
As the DXY recently broke to new lows. It confirmed a lower low sequence.
To make the long story short. The dollar index needs at least one last push to the downside at around 97.76. From there it could finally start its new daily up move.
Dont get tricked by the recent up move. Eventually, the Dollar index should move lower. Consequently, the EURUSD should also move higher. Why we think the Dollar index will fall is intermarket and sequence reasons. This will be only available for our clients.
Cheers
Your secrets2trade Team
We hope you have been a nice weekend.
In this outlook, we will be going to have look at the DXY. (Dollar Index)
As the DXY recently broke to new lows. It confirmed a lower low sequence.
To make the long story short. The dollar index needs at least one last push to the downside at around 97.76. From there it could finally start its new daily up move.
Dont get tricked by the recent up move. Eventually, the Dollar index should move lower. Consequently, the EURUSD should also move higher. Why we think the Dollar index will fall is intermarket and sequence reasons. This will be only available for our clients.
Cheers
Your secrets2trade Team