U.S. Dollar the Bull in a field of Bears - USD long
The U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro,
Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
