My yearly composite cycles on the Dollar Index points to a possible high around the 28th August - early September. I would suspect that price may even reach the 0.618% Fib retracement around the 98.000 level before a possible decline. The cycle suggests that price may trade lower until early December.
If price does make it that high and technicals point to a possible reversal, it may be time to buy some puts! It would be interesting to see how everything plays out.
Regards
RigK
If price does make it that high and technicals point to a possible reversal, it may be time to buy some puts! It would be interesting to see how everything plays out.
Regards
RigK
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