U.S. Dollar IndexShort
DXY is about to correct OR complet reversal
Updated
Hello Traders.
DXY is at the top of about 2 years, so i expect a correction on the US Dollar or a complet reversal.
Fondamental data are showing slow growth in the US economie and political uncertainity, the Federal Reserve is reversing gears with rates cutts.
Technically the chart is strugling above 0.618 Fib retractement level, Brearish Divergence is on MACD, all other paires against the $ are on the bottom,
The $ still can push for upside during the coming days but we still expecting correction or complet reversal on it.
Trade with care
DXY is at the top of about 2 years, so i expect a correction on the US Dollar or a complet reversal.
Fondamental data are showing slow growth in the US economie and political uncertainity, the Federal Reserve is reversing gears with rates cutts.
Technically the chart is strugling above 0.618 Fib retractement level, Brearish Divergence is on MACD, all other paires against the $ are on the bottom,
The $ still can push for upside during the coming days but we still expecting correction or complet reversal on it.
Trade with care
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