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Dollar strength

Posted by Cire2222 - Inside Stock TA, Trade set-up - Tags: , , , ,
23 Jun.

Dollar Strength

   I have been posting multiple charts on shorting the Euro, I have been looking for a reverse ‘W’ formation to be confirmed and we almost has it today but the close just was not low enough. I am still bearish on the Euro and can’t wait to see what happens the rest of this week with the FOMC so soon.  Gold also took a big hit today as the dollar gained strength, if the dollar can stay strong I expect much downside in both the Euro and Gold.  Below you can see a couple charts on Euro and Gold.

EUR/USD

gold

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