Dollar Rally Isn't On...Yet
Updated
Last week's tariff announcement put a damper on the most recent Dollar rally. Currently facing areas of significant resistance, beginning this weeks trading with a gap down. I'm tentatively Bullish, only because the fundamentals sort of support it, however, the technicals which matter are still strongly support a Bearish dollar. We will have to wait and see for how long within the next couple of weeks. Much will depend on the movement of the EURO. If it continues to weaken then we should see a strong push up on the Dollar.
Note
A break above 91.00 is a clear signal of Dollar ascendancy.
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.