Update on DXY (Dollar Index)

 

As we moved nearer to the end of last week, USD moved up as per predicted. With such a bullish engulfing candle, we are looking to long USD on any retracement.

USD has been facing strong sell-off since Donald Trump became the president of United States. With such strong sell off, we are expecting a temporary relief from the oversold USD but not to a great extend.

Thus, please long with care.