U.S. Dollar IndexShort
DXY to break support
As I said over the weekend, I expect 92 support to fall, and if we look closely at the price action in USD major pairs we can see that each and every dollar's attempt to strengthen was sold by bears.
Considering 3 months of consolidation above this support and the fact that the index is pushing and pressing down I expect this break not only to happen but for USD to spiral down in the medium term.
My favorite pairs for buying in this context are: EurUsd, GbpUsd and AudUsd
Considering 3 months of consolidation above this support and the fact that the index is pushing and pressing down I expect this break not only to happen but for USD to spiral down in the medium term.
My favorite pairs for buying in this context are: EurUsd, GbpUsd and AudUsd
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