{"id":594,"date":"2021-05-28T21:59:34","date_gmt":"2021-05-28T21:59:34","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=594"},"modified":"2021-05-28T22:02:35","modified_gmt":"2021-05-28T22:02:35","slug":"dollar-bulls-keep-fighting","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2021\/05\/28\/dollar-bulls-keep-fighting\/","title":{"rendered":"Dollar bulls keep fighting!"},"content":{"rendered":"\n

Not much has changed this week, dollar bulls keep fighting over 90 and again won the fight and defended the strong support. Two fridays in a row, London fix was in favor of dollar bulls into next week, but I am still waiting for a the strong upmove, without much of correction on the way. FED keeps talking about tapering, everyone is talking about insane inflation, so to me its just a waiting game, even though its frustrating. But everytime before a reversal, there is a lot of tight range play, frustrating for swing traders. If we look at all the main USD related pairs, in every one of them a strong reversal or correction is just waiting to happen. Even USDJPY, which is sitting below 110 and looks like a good short, would be a very dangerous short, looking at the weekly chart setup. 110 is a big psychological barrier…but it still feels like its going to break next week…and the area between 111-112.50 might be tested. That area might be a good short, but only if it holds…if not and it breaks, there is a lot of room to the upside. Even USDCAD looks like a perfect long setup, even though I don’t trade CAD, as its too risky. But its painting a picture towards other pairs, so it might be useful. When it comes to EURUSD, 2200 is the equivalent of 90 on USDx…and it is a strong barrier, where many fights happened this week. Once the fight is over, we will see who wins…<\/p>\n\n\n\n

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Not much has changed this week, dollar bulls keep fighting over 90 and again won the fight and defended the strong support. Two fridays in a row, London fix was in favor of dollar bulls into next week, but I am still waiting for a the strong upmove, without much of correction on the way. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/594"}],"collection":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/comments?post=594"}],"version-history":[{"count":4,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/594\/revisions"}],"predecessor-version":[{"id":605,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/594\/revisions\/605"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}