The Bloomberg Dollar Index has given up almost three-quarters of the post-Trump-election gains - having tumbled for 5 days straight. However, with seemingly everything on the line in Thursday's Obamacare repeal vote, the USD index is within 1% of two crucial technical levels.
1215-1217 is a critical level of support for the Bloomberg Dollar Index...
(Click on image to enlarge)
The intersection of the 200-day moving average and a major fibonacci retracement level.
(Click on image to enlarge)
As a reminder, speculators are still extremely net long Dollars...
(Click on image to enlarge)
Is another big long-squeeze coming?
Comments
Log in or sign up to join the conversation.