From the Desk of Ian Culley @IanCulley
Is the dollar going to finally bounce?
As I pointed out last week, if there was ever a place or time – it’s’ now! But that doesn’t mean it’ll happen….
One thing is certain: The markets don’t care what I think. This includes the US dollar.
But when I look at a chart of the EUR/USD, the largest component of the US Dollar Index $DXY, it’s running into a logical level of resistance.
How the euro reacts to current levels will set the tone for the dollar in the coming weeks and months.