chartwatchers

DXY - Next target: bottom of the range

Short
TVC:DXY   U.S. Dollar Index
59
Nothing has changed here : we are on the way down to the bottom of the range.
Though on Friday the american dip buyers - USD perma bulls - pulled up the price after the European session if you look at the hourly chart you will see it could be anything but not long....

I think that next week will be a big down week for USD.
Comment:
SO far so good...
Comment:
I'm a bit sad that a very few of you watching DXY.
Guys this is one of the most important chart - if not the most important- to watch.
This is the key for everything.
US DOLLAR INDEX
Comment:
After yesterday's drop today the decline should continue.
Comment:
Closing half of the position.

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