Inflation report brought Dollar higher and indices, foreign currencies, Cryptos, all lower.
USD getting a 'boost' on high inflation is understandable but keep in mind that ECB also hikes now.
I do see the 1.00 as support at this stage and with DXY a resistance I am going short:
Unless off course DXY can break higher, which judging on my 'fundamental meter' ia lwaa likely at the moment.
Been short on EURUSD for ever but it's enough:
One Love,
The FXPROFESSOR
USD getting a 'boost' on high inflation is understandable but keep in mind that ECB also hikes now.
I do see the 1.00 as support at this stage and with DXY a resistance I am going short:
Unless off course DXY can break higher, which judging on my 'fundamental meter' ia lwaa likely at the moment.
Been short on EURUSD for ever but it's enough:
One Love,
The FXPROFESSOR
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🌍 All in one place → fxprofessor.com
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.