Whilst the argument is strong for a weakening Dollar longer term. (perhaps)
It looks like at the moment the DXY is having a retracement (which may last until early Feb)
The bearish scenario could play out here with a solid rejection from the downward sloping TL.
Or invalidation and continuation of the trend if DXY manages to break above (and hold) the 107.013 pivot.
Thoughts?
It looks like at the moment the DXY is having a retracement (which may last until early Feb)
The bearish scenario could play out here with a solid rejection from the downward sloping TL.
Or invalidation and continuation of the trend if DXY manages to break above (and hold) the 107.013 pivot.
Thoughts?