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Dollar momentum fading, bearish divergence
U.S. Dollar Index
Short
Dollar momentum fading, bearish divergence
By Exercise-Discipline
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Updated
May 16, 2017
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May 9, 2017
Bullish momentum fading.
Bearish divergence.
This is bullish for EURUSD, bearish for DXY.
This is in line with fundamentals, with a June rate hike almost fully priced in to the market.
May 16, 2017
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dollarshort
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dxyindex
dxyshort
Exercise-Discipline
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