Dollar index will most likely go up over the next few weeks from a technical prospective. Bouncing off from support level.
From Fundamental side, some offshore investments will likely be pulled back to U.S. and borrowing to be done with U.S. banks due to perceived lower interest rate + safer environment.
Converting foreign currency to USD to purchase U.S. stocks will increase USD strength too.
Stoploss just below the support level. if stopped out monitor for re-entry opportunities.
Good luck
From Fundamental side, some offshore investments will likely be pulled back to U.S. and borrowing to be done with U.S. banks due to perceived lower interest rate + safer environment.
Converting foreign currency to USD to purchase U.S. stocks will increase USD strength too.
Stoploss just below the support level. if stopped out monitor for re-entry opportunities.
Good luck
Transaction en cours:
Move stop to breakeven
Commentaire:
103.890 is good take profit level
Commentaire:
Price movement stopped. time to take some profit, half or quarter.
Trade fermée: cible de profit atteinte:
partial close
Commentaire:
near target
Trade fermée: cible de profit atteinte:
Trade closed, target reached.