Hi, I make a Swing trading signal forecast to EURUSD. The US Dollar was recently much oversold in the last couple of weeks. Across Asset Allocation, some Seasonals and COT Commercials I see Dollar advancing. So my target is around 1.1000 for the EURUSD in the next few weeks. The minimum target is around 1.1070 and it can go below 1.0980 on lower end. This is confirmed also by other other pairs to the USD. So the NZDUSD should be lower more than 2% from the current level at 0.5980 spot. The DXY Dollarindex could rise to 103.7 level with 102.5 minimum target and on the upper side max. to 106.4. My opinion.
According to AUDJPY and NZDJPY this week to begin next week the USDJPY should advance even more. Target is here something around 149.20 to 151.00. Overall the US Dollar should advance across lots of pairs in the next weeks to last week of this May. My opinion as trade idea.
Although it might move higher somewhat $DXY is in a correction to downtrend from mid Jan. Once it is over downtrend likely will resume - maybe even taking out lows near 90.
Am short the Dollar and long most currencies. All markets have cycles and Dollar been at highs long time.