Down with the Dollar!
https://www.tradingview.com/x/qN4Yk1jj/
The Dollar has been doing well the past few days, but this uptrend will not last long. When the Dollar first reached fib level 38.2 there was a deep retracement that broke past 78.6 at its lowest point. While the Dollar has fully recovered since that drop, it looks like momentum will not hold much longer. Once I spot a reversal trend and the dollar breaks the red trendline, I will definitely short until price reaches fib level 61.8.
The Dollar has been doing well the past few days, but this uptrend will not last long. When the Dollar first reached fib level 38.2 there was a deep retracement that broke past 78.6 at its lowest point. While the Dollar has fully recovered since that drop, it looks like momentum will not hold much longer. Once I spot a reversal trend and the dollar breaks the red trendline, I will definitely short until price reaches fib level 61.8.
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