$DXY rumors of death greatly exaggerated
Everyone's talking about a weaker dollar, but I don't think we're there yet. Only a break of 95.80 would confirm. Have taken a fairly tight stop, although the full stop to, say, 95.50 would still be an acceptable trade.
In fundamentals, there is no particular reason that EUR should go up, which is 57.6% of DXY.
Contrarian trade
BUY 96.80 (Market)
SL 96.20
TP 100.00
RR 5.3
In fundamentals, there is no particular reason that EUR should go up, which is 57.6% of DXY.
Contrarian trade
BUY 96.80 (Market)
SL 96.20
TP 100.00
RR 5.3
Note
Halfway to the target.Note
Nearly there
David Atherton
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David Atherton
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.