US DOLLAR NEXT DOWN LEG TO BEGIN? (short update)

in #dollar7 years ago

Looking at the dollar, we are now hitting a very important resistance level, and if it doesn't make it higher from here, the dollar will be heading a lot lower. I Think its likely the dollar falls from here and makes a new low, but the fed may try to step in to put a bottom in it. Of course that may not work though, and this represents a huge opportunity for gold. If gold breaks out above its previous high, gold mining stocks are going to make huge moves to the upside. I am excited to watch this play out. Keep an eye on it everyone! cryptos may do well in this market as well!

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Dollar has continued to decline since i posted this, keep an eye on it making a new low!