The DXY market consolidation can lead to a further depreciation in the USD
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In today’s trading room, we reviewed the key economic events for this week, reviewed the majors’ heatmap, and examined key levels on high time-frame charts of the majors.
Ruben reviewed the overall context of the risk-on/risk-off environment that led the market to a huge movement last week.
It seems the investors expect a better perspective on the Russia/Ukraine conflict and economic results.
The VIX crashed down to 26 after hitting multiple times a strong resistance at 40.
The DXY also seems to enter into a market consolidation that can lead to a further depreciation in the USD.
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