USDOLLAR strength to be regained in the coming weeks ?
Last weeks candle closed as a hammer top above support around 100.00 which shows signs of a potential continuation of the bullish trend. This is further reinforced by a breakout and retest of the previous consolidation zone.
As you will see in my previous posts, i am currently short on EURUSD and AUDUSD. As we are looking at a potential bullish run on the Dollar index, this adds confluence to my shorts as this index can be used as an indicator for the US Dollars strength/weakness.
As you will see in my previous posts, i am currently short on EURUSD and AUDUSD. As we are looking at a potential bullish run on the Dollar index, this adds confluence to my shorts as this index can be used as an indicator for the US Dollars strength/weakness.