US Dollar Up 3%
The US Dollar has moved up 3% so far this month and entering price levels
we haven’t seen since 2002 and still climbing.
Price was previously in an area of consolidation, which ran from 2017. With a
breakout from a long period of consolidation, we can expect a strong move in
the direction of the breakout.
The 3% move to the upside this month equates to $3 and price may continue
to climb and if it does then forex pairs that the US Dollar influences are likely
to move as well.
The next level of resistance in the way is at $121, which is the high of July 2001.
A move to this level would create a trend large enough to allow us as trend-followers
to compound and profit heavily from such a move.
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If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
we haven’t seen since 2002 and still climbing.
Price was previously in an area of consolidation, which ran from 2017. With a
breakout from a long period of consolidation, we can expect a strong move in
the direction of the breakout.
The 3% move to the upside this month equates to $3 and price may continue
to climb and if it does then forex pairs that the US Dollar influences are likely
to move as well.
The next level of resistance in the way is at $121, which is the high of July 2001.
A move to this level would create a trend large enough to allow us as trend-followers
to compound and profit heavily from such a move.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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