imjesstwoone

DXY - Bearish - 4th Week of November

Short
TVC:DXY   Indice Dollaro americano
Relatively equal lows still in tact on DXY. I think we could trade into lows then reverse. However we did have clear rejection of higher prices last week. If price lingers after taking out REL, I would interpret that as a lack of willingness to trade higher & possibly target even lower. Yields are currently bearish to me with a lot more downside. Likewise bonds are bullish to me with a lot more upside.

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