After a strong bearish engulfing on DXYs last monthly close I believe we should see further weakness in the DXY over the next couple of weeks. The past two weeks we have printed bearish inverted hammers, on daily we have broken out the ascending wedge with a bearish engulfing then retested with the wick of an inverted hammer.
If we do continue to see weakness in USD this will favour some of my set-ups which I will be posting for the upcoming week such as longs in GBPUSD and EURUSD aswell as short USDCHF which is already active.
If we do continue to see weakness in USD this will favour some of my set-ups which I will be posting for the upcoming week such as longs in GBPUSD and EURUSD aswell as short USDCHF which is already active.