DXY Dollar Index
DXY has rallied from lowest blue line (just out in fact, but
close, considering how far it has fallen now) and rallied to the
next line pretty much spot-on. So it's now vulnerable again at
this point....it has to push up through this next line right here
at 89.42 and hold above here for the dollar to go up any more
and therefore for EUR and GBP to go down any more from
lows hit today.
That is a good spike though, for sure. It could be the low...but
we will only know for sure when the next move back lower
begins...but bulls will take cheer from today and try to push
DXY higher now if they can. This is line therefore the next key
level on DXY right here, and so too therefore for the pairs
DXY has rallied from lowest blue line (just out in fact, but
close, considering how far it has fallen now) and rallied to the
next line pretty much spot-on. So it's now vulnerable again at
this point....it has to push up through this next line right here
at 89.42 and hold above here for the dollar to go up any more
and therefore for EUR and GBP to go down any more from
lows hit today.
That is a good spike though, for sure. It could be the low...but
we will only know for sure when the next move back lower
begins...but bulls will take cheer from today and try to push
DXY higher now if they can. This is line therefore the next key
level on DXY right here, and so too therefore for the pairs