Long USD / Short EuroThe DXY has been super strong lately and lots of folks are wondering where the final target is.
One way to do this, is to view a leveraged currency ETF to try and identify patterns. The ETF leverage amplifies the movements you might otherwise of missed.
Classic Inverse Head & Shoulders on EUO. EUO is a -2x EURUSD ETF that you can trade in the stock market.
Wait for the Neckline Breakout, and long the backtest for ~11%.
