On the DXY....
Looking at the index we can see it has reached on both the long term and short term RSI settings overstreched levels. On previous occassions this has resulted in a turnaround on the dollar. So, what does this mean: the probabilities of the dollar going higher are more likely, than it continue to drop.
Can it go lower? Ofcourse, it can drop like a brick. But I would deem it more likely we see a bounce in the next days/weeks. Markets move in waves.
Can it go lower? Ofcourse, it can drop like a brick. But I would deem it more likely we see a bounce in the next days/weeks. Markets move in waves.
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