Do not overreact to the rising dollar

6 thg 11

The DXY has been pushing higher for weeks now but on election day we maybe discounting the risk and therefore do not react. The FED also speaks tonight. Watch this key resistance level at 105.85 and if we do not cross it the setup could still be bearish the dollar eventually. AFter all the FED will have to buy these bonds if they fall too much. Let us see what the market does at this level.