Weekly Technical US Dollar Forecast: Finally Turning Higher?
Weekly Technical US Dollar Forecast: Finally Turning Higher? Advertisement Technical Forecast for the US Dollar: Neutral The DXY Index has held onto key technical support, suggesting that bulls may have a bit more fight left yet. Net-short US Dollar futures positioning has eased as the DXY Index has rallied, but has not shifted that significantly from levels seen going back to mid-December 2020. The IG Client Sentiment Index suggests that the Euro, the largest component of the DXY Index, has a bearish bias in the near-term. US Dollar Rates Week in Review The US Dollar (via...
Source: dailyfx.com