From the Desk of Ian Culley @IanCulley
“Can’t Stop, Won’t Stop” blared the cover of Bloomberg Businessweek less than a week after the US Dollar Index $DXY peaked last September.
We can’t make this stuff up!
While the DXY has undergone a significant correction since, the message is just as appropriate today as it was then.
The dollar can’t stop.
It’s ripping higher this morning, breaking to fresh six-month highs as it nears a key area of former resistance.
Those mounting breakouts and breakdowns favoring the USD from mid-August are sticking their moves.
Have no fear, or “FOMO,” if you missed any of those trades.
These next two dollar pairs offer well-defined entries using one of my favorite short-duration chart patterns…