The US Dollar Index is now probing the key 88 handle since breaking out of a bull pennant earlier this week. With daily RSI in such overbought territory and MACD demonstrating possible bearish divergence, a possible corrective relapse looms. As mentioned in prior posts, it will take a convincing loss of the 20-day MA to alter the bullish structure.
[STRATEGY] TAKE PROFIT ON LONG POSITION (SHORT EUR/USD)
My latest NZD/USD analysis:
