US Dollar (DXY) is still moving up in a staircase like fashion
Updated
DXY is essentially the inverse of EURUSD. The trend is moving in harmony for now and hasn't changed.
This is turning into a droopy H&S pattern (see below). As long as the Euro stays in the flow it's currently in, it'll continue grinding lower. At some point it will likely have a much more sudden drop.
This is turning into a droopy H&S pattern (see below). As long as the Euro stays in the flow it's currently in, it'll continue grinding lower. At some point it will likely have a much more sudden drop.
Trade closed: stop reached
@97.39
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