DXY chart says it all -- TOTAL COLLAPSE

In one week USD ( 3 days to be exact) , FOMC did more damage to the USD Dollar than the market could do in several weeks.

TOTAL COLLAPSE == PANIC and i don't like buying or selling into Panics. So i will stay out of EURUSD and other majors for this friday. Let's live to fight another day.

Let it confirm the momentum before we enter long EURUSD or other majors (AUDUSD, or GBPUSD )

Kommentera:

It has been a long long time since DXY collapsed this much in just 3 days 97.77 to almost approaching 96.00 . That is very very aggressive , not sure if another central bank is selling or unloading some of the USD into the market . is it CHINA . Need to get more information.

NOTE: after an action there is always a reaction in the market . Have the DXY Bulls given up and DXY Bears have total control