The US Dollar () is hovering precariously just above a major inflection point at 90.00, as shown on the following monthly chart.
A drop and hold below that level could see the DX plunge to around 85.00, or even 80.00, in short order.
However, should the Financials ETF () drop,we may see DX reverse course and rally towards 95.00, or even 100.00…keep an eye on the XLF for clues.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.