Disliked{quote} Hmmm, thanks, but you may not get my point, I guess. EUR/USD has dropped a lot today. Which means the relative strengh of dollar (USDx) must have (and has) gone up. It makes sense as EUR/USD is the dominant and by far the most traded pair in the dollar index. Okay, then USD/x should have all gone up, because of the relatively stronger dollar. But while some of the pairs did go up, such as USD/currency used in Canada, others were dropping like crazy, such as USD/currency used in Japan. (This must make Ata anxious, but I couldn't put it less...Ignored
I think there's probably a sound argument that'd support your theory about shorting the EUR to then buy other currencies while simultaneously opposing the DXY, as across many pairs it's reasonable to suggest it's becoming a little overbought (although it will always maintain its "Safe Haven" status, obvs). Then add in the main market movers, the generic mass manipulation that's part n' parcel of trading and you've got yourself a big ol' mess.
All that's to say, with all the volatility lately and specifics generating such crazy movement, it's increasingly difficult (for me anyways) to get a handle on direction/targets etc. without simplifying the view somewhat, like andvk touched on earlier. Otherwise it all becomes a bit of an unpleasant hair-pulling exercise.
A wise man changes his mind, a fool never will
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