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
Trade ist aktiv:
Move stop to breakeven
Kommentar:
103.890 is good take profit level
Kommentar:
Price movement stopped. time to take some profit, half or quarter.
Trade geschlossen: Ziel wurde erreicht:
partial close
Kommentar:
near target
Trade geschlossen: Ziel wurde erreicht:
Trade closed, target reached.