As other CB in the world raise interest rates we will see pullback in the dollar strength.
ECB +75 bps and it is the bigest
We can see formation of raising wedge or hesitation in the DXY just before ECB raised rates. Prior to that. all the pattern are so easily recognizable ever since USA CB started to raise rates.
My current bias is that this is the top for some period of time.
ECB +75 bps and it is the bigest
We can see formation of raising wedge or hesitation in the DXY just before ECB raised rates. Prior to that. all the pattern are so easily recognizable ever since USA CB started to raise rates.
My current bias is that this is the top for some period of time.
We can clearly see H&S forming on the daily chart.
Current world situation also indicates the same outcome.
Next stop 106