I am back from vacation and getting into the groove of things starting with analyzing the dxy. As most of you know this index is comprised of major currencies and heavily weighted by the EUR. With that being said, I find dxy analysis to be a fruitful place to start, as it is a helpful guide for any other dollar based pairs you choose to trade.
I'm looking for some more short term dollar strength this week, followed by a daily pullback/correction, possibly until inauguration day and then a continued trend to the upside.
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Waiting for flag now. Possible, we could see the high tested once more still before correcting down.