Technical Outlook: Dollar Index depressed around 90

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Nobody likes getting up on the wrong side of the bed.

Yet this has been the Dollar’s reality over the past few days as investors attacked the currency at any given opportunity.

The inverse head and shoulder pattern back in January initially boosted hopes of the dollar rebounding back to glory. However, the great “reflation trade” and Fed’s ultra-accommodative monetary policy simply threw a proverbial wrench in the works for bulls.

As the string of good news on the vaccine front elevates global sentiment and reinvigorates risk appetite, this could be bad news for the safe… Read More:

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