210 days ago • Posted by Charles-Henry Monchau

Dollar shorts beware!

A lot of traders and investors are short the dollar and long the euro. But they need to keep in mind the following: 1) 1, DXY index (Dollar trade-weighted) stands at big important levels (see chart below) - .a push above the trend line and those USD shorts might have to get covered; 2) Europe's corona situation continues deteriorating; 3) USD shorts are still many (souce: The Market Ear)

DXY index