Collapse of DXY (US Dollar Index)

28 ביולי 2019

After a careful analysis of the dxy (US dollar index) I came to the conclusion that the dollar could collapse and even a lot in this week. We are near a very powerful resistance zone which also matches a key level and fibonacci level 61.8. If we add to this technical analysis the possible decision (of Wednesday 07/31) to lower interest rates from 2.50 to 2.25 the cards are all there to see the collapse of the dollar.