DXY - will the technicals align with the speech?
Janet Yellen testifies in front of Congress Tuesday (oops for the chart saying Wednesday - IT'S TUESDAY) February 24th at 10am ET. The USD crosses and the DXY / USDOLLAR look to be wedged with anticipation for some guided direction from the FED. I'm just looking for price to confirm the move, put the stop where we're wrong and ride the movement. I'm slightly biased to the downside based on an overbought market, but the trend is strong with this one...as Yoda would say.
Chris Pulver
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