DOLLAR INDEX BREAKOUT| 2ND BAILOUT WORKED? OR WAS IT THE FED?

2020年5月19日

The dollar seems to have finally broken out of the wedge , below the level 100.

Is it the effect of the initial corona shock wearing off, the second bailout overwhelming the market sentiment, the fed's efforts or all of the three above, but the fact is, if the dollar index goes lower, all the dollar pairs follow suit. And yes, I know, it is the index that is calculated based on the performance of the underlying currencies, but c'mon, it's just easier to think this way. Besides, it concerns the pairs that aren't in the index basket too, so I win anyway.

Let's watch it closely together. The nearest support line is marked on the chart.

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Wish you all the best of luck in your trading!

2020年6月2日

注释

Target reached!