Bull wedge on the dollar index - #dxy $dxy #forex $eurusd

Dollar remains strong in the forex market as it has been consolidating at the 97.70 - 99.40 range. This zone is also forming a technical bull wedge pattern that we feel aligns with the fundamentals which suggest the dollar should be trading higher. As such, we have been buying dollars on pull backs. Watch out for the fib levels within the range mentioned, as there are levels at 98.50, 98.72 and 99 handle to the upside.