Weary of the Bullish Environment, DXY looking like a manipulator
The Reading that Im interpretting is that institutions are rebalancing ahead of high impact news to bring counterparty interest into the market as for the seasonal session we are rolling into a new one.
I wont rule out that usd pairs may continue to rise over the next few weeks and the USD unwinds through what may be just profit taking measures.
But this Wednesday, we could see a bleed off that may end the week to seem indecisive.
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