Is it final shake off of the dollar tree before breakout?
It has been going on for almost a year – dollar has been trading in the range 95-100, I think since Euro, as well as EU, is doomed (never mind Thursday’s jump) – and world’s financial community expects rates to be finally raised in December therefore making sovereign debt repayments much more difficult and will promote inflows into US banks in search for higher than negative European return ….it is that wonderful time again for a new trade – I was on the sidelines since /ES short in September.
Source: http://www.trading-to-win.com/2015/12/is-it-final-shake-off-of-dollar-tree.html
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