A dollar surprise can still hit. There is a last line of defence for the Dollar.
Price has come into a structure area, either a double-bottom or triple bottom, and the 3D ATR line is just below price.
Some say that the US Dollar is bound to crash. That's not necessarily true. Read up on 'Dollar Smile Theory'.
Disclaimer: This is not advice or...
US Dollar Smile Theory in Forex indicates that US Dollar can strengthen both in good & bad market conditions.
There are times when you get to the market expecting to see the US dollar falling but to your surprise its making higher highs, showing no signs of slowing down.
Then you wonder, Why?
This was explained using a Dollar Smile Theory.
