The US DOLLAR strength index broke down from the ABCDE Bearish wedge Pattern.
RSI - Relative strength index heavily over sold expecting to retest this wedge, or possible fakeout to the upside before moving back down.
*Too add to the volatility - President Joe Biden signed an executive order on Thursday allowing the Pentagon to tap an additional 3,000 military reservists to support the US mission in Europe to bolster Nato amid the ongoing Russian invasion of Ukraine.
The additional troops will join the estimated 100,000 US service members already on the European continent.
*FOMC Meeting 26th of July - going to be a busy Month!
Overall thoughts, Bearish move for the DXY - relief rally in assets.
RSI - Relative strength index heavily over sold expecting to retest this wedge, or possible fakeout to the upside before moving back down.
*Too add to the volatility - President Joe Biden signed an executive order on Thursday allowing the Pentagon to tap an additional 3,000 military reservists to support the US mission in Europe to bolster Nato amid the ongoing Russian invasion of Ukraine.
The additional troops will join the estimated 100,000 US service members already on the European continent.
*FOMC Meeting 26th of July - going to be a busy Month!
Overall thoughts, Bearish move for the DXY - relief rally in assets.
