DXY: Dollar Index and USDEUR go hand in hand right now
Updated
DXY: Dollar Index Update and confirming levels for shorting USDEUR. These two go hand in glove right now. Really helpful for identifying short term USD counter rallies and resistance points.
Note
DXY just approaching 97.16 at same point as it meets the upper parallel - should be the ideal place to short USDEUR again with a stop triggered by DXY breaking above 97.17/parallel and holding.Note
10 upload crap still. DXY back testing key 97.16 from above...if it holds here it's another bull signal for USD obviously...so long USD EUR is next obvious trade now. That low yesterday was a good one...USD held up way better than anticipated. and created a good double bottom..another case of following chart and not having too many preconceived ideas. "Good traders close out when wrong. Great traders reverse" Schwager
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