U.S. Dollar IndexShort
The moment we are all waiting for..
Reversals take time. The Dollar Index has been bullsih most of 2018 and it is now showing signs of slowing down, consolidating and/or reversing to the downside. Ofcourse this will offer great opportunities for the dollar related currency pairs.
Last week the trendline on the 4 hour chart got tested and rejected but at the end of the week it got broken again. There is a trend line on the bigger time frame coming up right after this one so we're nog jet in a downtrend. Over the coming weeks I'm expecting more dollar weaknes.
Last week the trendline on the 4 hour chart got tested and rejected but at the end of the week it got broken again. There is a trend line on the bigger time frame coming up right after this one so we're nog jet in a downtrend. Over the coming weeks I'm expecting more dollar weaknes.
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