The Dollar Index has fallen out of favour with many investors, partly due to disappointing economic data and the FED talking the dollar down.
A nice H&S pattern has emerged and if one of the trendiness breaks then this would make for a great shorting opportunity. The RSI and trend wave has some distance to go further downs the move is backed by some momentum. I expect Wednesday's FED minutes to be a key driver here.
For more information on trade setups, information: either follow me on here or at www.ejfxtrading.com
A nice H&S pattern has emerged and if one of the trendiness breaks then this would make for a great shorting opportunity. The RSI and trend wave has some distance to go further downs the move is backed by some momentum. I expect Wednesday's FED minutes to be a key driver here.
For more information on trade setups, information: either follow me on here or at www.ejfxtrading.com