EUR/USD & DXY Trade Update
Here is a video update for the trade set up's I recently posted for EUR/USD and DXY index.
U.S Dollar weakness is strong across the FX market as low-interest rates in the U.S, a negative current account balance, alongside a big fiscal spending package from the Biden's administration from January, is the consensus view across the markets to cause a structural bear market trend for the U.S dollar in 2021.
The U.S Dollar Index is continuing to weaken as a result offering a short sell set up (DXY).
U.S Dollar weakness is strong across the FX market as low-interest rates in the U.S, a negative current account balance, alongside a big fiscal spending package from the Biden's administration from January, is the consensus view across the markets to cause a structural bear market trend for the U.S dollar in 2021.
The U.S Dollar Index is continuing to weaken as a result offering a short sell set up (DXY).
Kayan Kalipha
Related publications
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.