KENJICHEN

Dollar starting correction ??

TVC:DXY   Valutaindex för U.S. dollar

DXY
US CPI and Retail data reveal slowing economic activities in United State.
Obviously, it may be a concern of strong trend on dollar, moreover, the FOMC minute will be a critical signal to DXY next week.

In other way, there are no any incentive to Euro or Yen to push up in recent days, that's why dollar easily got strength to rise, but once Euro zone or US economic predict imply any negative signal to dollar, the trend on dollar will reverse.

Next week projection: DXY will get in correction path to test 96.60~70 support . If support exist, dollar may bounce to challenge the high last week.

Warning: FOMC and US data are the important factor that dollar can create new high or fall back to 96.

Wish u have nice weekend :)
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