The USD-Index is in The Zone
As we see in the picture, the right chart is the USD-Index. We see him in our Yellow Zone.
Important: We don’t Trade the USD-Index, we use it for help to find some USD strength.
We can expect some USD strength when the Support/Yellow Zone will hold.
From our eight pairs, we picked today the EUR/USD, AUD/USD & NZD/USD.
To make it short in the EUR/USD, we could sell it right away, because it’s in our Zone, we hitting our round number. So for the EUR/USD, we can short him right now.
The AUD/USD and NZD/USD is a little difficult. I think both will still get a bit up move, and I don’t expect that we get some down moves directly.
So for them, I will wait until we hit on both the round number to get some short entries.