First of all we know know that, the United States Government is being shut down due to not having a budget in place in time. This has caused the DXY to slide below the multi Year lows for from 2015.
The political relation to this exact issue, has nothing to do with what i do. So i have no interest. My only thought is to make a rational prediction on price. The dollar began to slide below the multi year lows. This is a significant level of resistance now as well. First idea of support maybe in the 90.40.- 87.87.
Important to have an overview analysis of this indice, as it is an adjacent base for the majors across the board.
Technicals suggest. Still continuation to the down side until support is discovered. And increase dollar weakness until this matter is resolved. Major Equities paused at record highs as well.
We cannot quite say, this is the result only of only president Trumps performance. As it happened to many great presidents. But it fits the narrative.
Pairs such as UJ- May fall vicitim to lower prices as the DXY is the major in this cross pair.