Hi Octain, yes, but the TA says the euro is bottoming & the USD is topping. Fundamentally, a higher USD will destroy world emerging and commodity markets, not to mention US exports, in weeks, not months, and cause massive defaults in the US oil industry, bonds, derivatives etc not to mention crash Wall St.
I'd be selling the USD short big time on a bounce from the double bottom at 1.05 and double up on a retest of the breakouts (see graph). Note the MACD has turned up for the euro and the stochs and other indicators all point to a low.
The last two graphs show the double top for the USD on the DXY, 19 pips to go, and 3 pips for the WSJ (Monday should do it ). imo of course
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Hi Octain, yes, but the TA says the euro is bottoming & the USD...
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