The huge drop in the USD lifted other currencies such as the EURUSD which broke out of its consolidation.
The USD Index stopped right at 96.5 which is a major support level. A break of that level could lead to a new major short wave with the next target at around 95.
Watching the USD Index is a must for forex traders with exposure to the dollar. The dollar is clearly the dominant theme for the past 2 days.
The USD Index stopped right at 96.5 which is a major support level. A break of that level could lead to a new major short wave with the next target at around 95.
Watching the USD Index is a must for forex traders with exposure to the dollar. The dollar is clearly the dominant theme for the past 2 days.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog