The Fed cut rates with 25 basis points yesterday, fuelling this volatile buck decline. This is the current scenario:
The Major trend is bullish and the Current trend is bullish as well. This confirms our bullish outlook as usual. Now that we know the Fed is not bluffing when it comes to choosing between housing and the dollar, we can just as well assume the the rate cuts will continue as this is the start of the cutting cycle.
Therefore nothing points short or sideways.
Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice
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