DXY Collapses across the board before FOMC

Today , DXY ( US Dollar Index ) Collapses or tumbles across the board before FOMC at 2:00 PM EST but mainly on the back of EURUSD driving it to the ground while other USD based currencies are muted but the EURUSD is flying now to 1.1430 and still climbing.

i think the US Dollar Index will climb to above 98 due to global economic risks

Kommentar:

Spectacular collapse of the USD Dollar after FOMC release

Kommentar:

EURUSD continues to climb without any resistance, we are headed above 1.1500 if the momentum continues . Right now its very well bid since DXY has completely collapsed

Kommentar:

EURUSD puts in 110 Pips so far and the " End year" Rally continues while the USD Dollar Collapses completely .

After FOMC we grabbed 80 pips on a Short and now 110 Pips on a EURUSD bounce.

So what's next ???

Kommentar:

US Dollar Index continues the collapse after FOMC release yesterday. It just picked up where it left yesterday . DXY weakness is across the board

Well its a funny since EURUSD shot up to 1.1482 yesterday then collapsed immediately 1.1440 and then shot up again today to currently 1.1473 .

what do you think is it time to Sell EURUSD after almost 210 Pips in the last 1 week ?

Kommentar:

Wait for confirmation first,

if it closes above 1.1503 with a strong follow-through then Buy otherwise if it fails sell it .

At moment it seems EURUSD has some bids underpinning it due to broad US Dollar Index weakness