I wouldn't short it at these levels if anything this is a long opportunity in the making.
karlvonsauer
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@sikander.taimoor, i would not short it now, too. it seems that dxy ended its correction.
sikander.taimoor
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@karlvonsauer, Yes it does seem like the correction has ended but we still do not have clear indication that it has.
karlvonsauer
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@sikander.taimoor, my target was 99.13 and I was really about to waiting for some fundamentals to push it to the new high. that is why all my predictions was built in that way
sikander.taimoor
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@karlvonsauer, I would be able to formulate a view on dollar once it crosses the 101 Mark or goes bellow the 99 levels - Yes - the fundamentals suggest that dollar will be appreciating over the course of the year but you see it has already crossed a 13 year peak and we need to see if that point acts a resistance when the price approaches it that is if it approaches it and that push might be dependent on the FOMC execution.
sikander.taimoor
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@karlvonsauer, I think you are thinking along the correct lines just wait for the price to confirm your thinking or contradict it.
sikander.taimoor
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@karlvonsauer, Price behavior still shows uncertainty.