DXY rejecting to break out of this wedge, stochastic RSI was signalling a bearish move!
- actually signalled bullish shortly after, but couldn't manage to break out of these level's.
*next event CPI July 12th - if CPI is better than expected then I would expect the DXY to keep falling.
*Bullish for asset's and would expect weakness in the dollar to continue until the next fomc meeting 26th July. plenty of time to see some strength back in crypto, stocks and precious metals.
- actually signalled bullish shortly after, but couldn't manage to break out of these level's.
*next event CPI July 12th - if CPI is better than expected then I would expect the DXY to keep falling.
*Bullish for asset's and would expect weakness in the dollar to continue until the next fomc meeting 26th July. plenty of time to see some strength back in crypto, stocks and precious metals.
