Because of the historical lows of the USD the question arises, if Central Banks around the globe will intervention to stem the decline against other major currencies.
If we have a short look at the chart, we can see in DX Z7 (US DOLLAR FUTURE DEZ.07) a bearish falling gap. If we see another historical lows (<75.10) the minimum target will be 72.00, but if we will see in the next few days an upside gap, than opportunities on the long-side will be seen. I don't think that what we see in the chart below is an trend reversal pattern. I think the USD will continue to weaken.
If we have a short look at the chart, we can see in DX Z7 (US DOLLAR FUTURE DEZ.07) a bearish falling gap. If we see another historical lows (<75.10) the minimum target will be 72.00, but if we will see in the next few days an upside gap, than opportunities on the long-side will be seen. I don't think that what we see in the chart below is an trend reversal pattern. I think the USD will continue to weaken.
And remember: Trading currencies involves financial risks and is not appropriate for everyone.
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