The Dollar Index is Finally seeing some bearish momentum.
This view is supported Both technically and fundamental.
Breakdown:
Technical:
On the larger picture (Daily) we need to see a pullback.
Breaking out the channel.
Fundamental:
Trade truce with China = Full Risk on Market -> weaker us dollar
I will not sell right away, the risk reward does not make sense.
I will wait for a setup to sell.
This view is supported Both technically and fundamental.
Breakdown:
Technical:
On the larger picture (Daily) we need to see a pullback.
Breaking out the channel.
Fundamental:
Trade truce with China = Full Risk on Market -> weaker us dollar
I will not sell right away, the risk reward does not make sense.
I will wait for a setup to sell.