$DXY rumors of death greatly exaggerated

Everyone's talking about a weaker dollar, but I don't think we're there yet. Only a break of 95.80 would confirm. Have taken a fairly tight stop, although the full stop to, say, 95.50 would still be an acceptable trade.

In fundamentals, there is no particular reason that EUR should go up, which is 57.6% of DXY.

Contrarian trade
BUY 96.80 (Market)
SL 96.20
TP 100.00
RR 5.3

Comment:

Halfway to the target.

Comment:

Nearly there