Dollar on a turning point
The Dollar currency index is making some big moves.
I tried to predict the correction top but the dollar cut through that like butter. I had to make some adjustments to my analysis.
My bearish bias still stands unless we take out the major high at 93.73, until then I am looking at the level of 93.474 for a possible reversal.
I believe that the DXY is the single most important chart to look at since almost everything is denominated or somehow tied to the USD.
As of now, I am staying away from this market and ready to jump in once I see some opportunities.
I tried to predict the correction top but the dollar cut through that like butter. I had to make some adjustments to my analysis.
My bearish bias still stands unless we take out the major high at 93.73, until then I am looking at the level of 93.474 for a possible reversal.
I believe that the DXY is the single most important chart to look at since almost everything is denominated or somehow tied to the USD.
As of now, I am staying away from this market and ready to jump in once I see some opportunities.
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