DXY had a lot of weakness after the CPI release this morning, but has slowly been recovering since the fed minutes were released show a target rate of only one cut by year's end. DXY held trendline support and is heading back up for another breakout attempt. If it does breakout, it should lead to significant weakness on NQ.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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