DXY // USDINDEX // USD // DOLLAR
Sell Setup
Continuation trade:
📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday.
👉🏻 As mentioned that 93.000 was a retest area before a selloff. Possible continuation to at least 91.500.
Daily Markups
Sell Setup
Continuation trade:
📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday.
👉🏻 As mentioned that 93.000 was a retest area before a selloff. Possible continuation to at least 91.500.
Daily Markups
Comment:
As expected, weaker USD upon NFP news, approaching second zone of 91.850