Hello, Traders! DXY( The Dollar Index) is in a free fall However, the strong Support area on the WEEKLY chart is near This is the area, where I expect the falling to stop And perhaps reverse, at least in a pullback. So is it time to buy US Dollar across the spectrum? Not yet, as the currency is not yet quite reached the support So even though we are seeing a small pullback on the DXY I think it will fall a little more Before hitting the support Where I expect to enter a range, after which it will be decided Whether the Dollar goes Up or breaks the support And keeps falling. Fundamentally, there is a shortage of Dollars right now So I stand with the former. But lets see what the new year brings us! Like, comment and subscribe to boost your trading!
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