Trade weighted dollar index: Update
The long term uptrend signal I was looking at has triggered here, so I think we can get higher prices in the long term, although I see a very possible retrace in the dollar coming here, but only briefly. If anything it's an opportunity to reenter long term dollar longs.
Invalidation of this thesis would come if there is a big fundamental change that causes price to drop under 90.50.
Good luck,
Ivan Labrie.
Invalidation of this thesis would come if there is a big fundamental change that causes price to drop under 90.50.
Good luck,
Ivan Labrie.
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