Lately the dollar began to lose ground, after winning more than 20% in the last 5-6 months!
Personal watching two setupuricorelate strong dollar, namely Silver (or XAGUSD) and USDSGD!
The Silver seems to be a base on USDSGD was pierced support and we will see what happens next
- confirmation or false breakdown?
Lately I have had many false penetrations! But fundamental standpoint, if the dollar weakens, the position is likely to be confirmed.
We will follow their evolution.
