Strong Buy zone: 91.2 - 91.8. Sell 97.5-99. Heavy redistribution in this area from 04-06
1st scenario: DXY soars, All hail fed printing press, #1 currency pumper on Earth. 2nd scenario: A strong breakdown in DXY here may topple the markets sooner than i expected by triggering capital outflows from US equities and bonds because I believe low interest rates along with a strong $ is the only thing keeping the US domestic market afloat after the recent Q1 results.
I think DXY breakdown may happen later this year around September though, lets see. Best of luck
Yorum
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It looks like we may actually hit the target much sooner than expected
Yorum
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Volatility before GREXIT vote will cause breakout from the 2nd resistance line