Continue euro-dollar selling strategy, dollar index rising! ~ Euro selling strategy of November 8 ~
◎Strategy and Positions Currently Held
EUR/USD continued selling
EUR/USD Short Position (1.1500New short entry)
↓↓↓ Please see below for the entry strategy ↓↓↓
◎ Outlook and points of interest
EUR sellingThe reasons are as stated above.
EUR selling strategyThe pair currency is being priced against the US dollar, and to gauge the level of the US dollar, we refer to theDollar Index.
After the midterm elections concluded,Dollar Indexbegan to reverse and rise.
Dollar Index 15-minute chart
The green vertical line marks around the start of the vote counting. From there, theDollar Indexdeclined and has since reversed to return to pre-election levels.
From here, will it continue to rise!?
Or will it enter a range?!
I am watching closely.
Dollar Index Daily Chart
When viewed on a daily basis, it rose immediately after breaking the latest high and then fell.
If the midterm elections are over and it begins to rise from here, can it surpass the previous high!?
If it surpasses it, can it rise to the next target level!?
I am paying attention to this.
Conversely, if it cannot rise and starts to fall, we may need to consider changing the EUR selling strategy’s pair currency to a different currency rather than the US dollar.
「Dollar Index」
It is not the sole determinant, but one of the key indicators to watch.
