DXY holding above 90.50 support level
#OPINIONLEADER# #USDollarIndex#
ByScott Andrews
US index 15 06 2021
Last night saw the US dollar holding flat above 90.50 support level with no significant economic news, tonight there is Core retail sales for May 0.6 expected and 0.6 the previous month and also Retail sales for May-0.7% expected and 0.0% the previous month both coming out at 20:30 GMT+8. Given these announcements a beat on expectations would help hold the DXY over the 90.50 support level, although the main event on watch this week is the FOMC Economic Projections released Thursday at 02:30 GMT+8. This will be a potential mover if projections are hawkish and will be looking at this being a strong catalyst to help break out the US dollar.
I’m still holding USDCAD long as well
Entry: 1.21628
SL: 1.20100
TP: 1.23100
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