I did explain in detail in my last analysis about why I am bearish DXY and it has performed well. But those who didn't Short the USD can wait for a decent pullback or textbook short for a retest of a Trendline that coincides with 200 MA.. a Meaningful correction to the downside is still in play for a trend that was nearly for 15-18 months..
Buy the Dips in XXXUSD pairs.. the big question would be which particular pair.. and you really need a strong fundamental outlook to justify the pair that's gonna yield more. in my opinion, looking ahead on a 4 week horizon, we have ECB rate decision in July and we could see DXY being sold until then where we could get the good place to buy the dips in EU around 1.1320-30 followed by a brexit issue that seems to be now getting priced and on an M-O-M basis, GU is oversold. Therefore, I would likely go for a long sterling via EURGBP
Buy the Dips in XXXUSD pairs.. the big question would be which particular pair.. and you really need a strong fundamental outlook to justify the pair that's gonna yield more. in my opinion, looking ahead on a 4 week horizon, we have ECB rate decision in July and we could see DXY being sold until then where we could get the good place to buy the dips in EU around 1.1320-30 followed by a brexit issue that seems to be now getting priced and on an M-O-M basis, GU is oversold. Therefore, I would likely go for a long sterling via EURGBP
