Dollar Bears Smell Blood - I'm Sceptical

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Traders, I can boil DXC down two ways. #1: It is in a nasty, 1-year sideways chop zone that still suggests the next leg is higher and #2: A stronger dollar points to lower levels in the S&P's and commodities. This of course has direct implications on FX trades. In the near-term I know all the bears are out in force - they may be right in the short-term. And for clients willing to trade counter-trend, sure, maybe there are some longs in EUR/USD that make sense. I just don't like to play the

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