HarshShivlani

Dollar Rebound - RSI/MACD Divergence & Stretched Positioning

Long
TVC:DXY   U.S. Dollar Currency Index
Short term dollar bottom?
Stretched CFTC net long positioning has started to unwind a little as well.
Plus Euro which is a big component, also has seen stretched positioning and now we are seeing resurgence of cases in most major European countries.
Comment: Trade worked bang-on. DXY bouncing off from SL levels of 91.22. 1st Target 94.68, keep an eye out for it.

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