I anticipate US dollar index to loose strength in the days ahead

8 giu 2022I anticipate US dollar index to loose strength in the coming days. The index has declined so much since May 12 breaking below the 5 May low. From then the index began to correct in a bearish wedge formation which suggest that the bearish momentum is more likely to resume soon. I will keep an eye to the wedge if it gets violated to the bottom I will consider going short with target at the April low around 100.00 key level.

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