US inflation (CPI) this Thursday 10/11.
My fundamental analysis suggests that inflation should be as forecast or lower, which should bring USD weakness...
Looking for a retrace move on USD pairs, so I can short the Dollar...
Even if CPI is higher than expected, I am starting to think that USD upside is exhausted
Triple top on the DXY Daily chart could further support the idea of dollar weakness/exhaustion.
I think a break below the 100EMA would add to the idea of a bit of a reversal for the dollar. The EMAs have held for a long time now (Held above since July 2021).
Mid-term elections in the US might shake things up as well today possibly.