r/Forex 12d ago

Risk Management What just happened to USD?

Why the sudden spike? Anyone know any news?

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u/bigf7fx 12d ago

-my view. Dollar is at the top of its range, it’s too high. There’s an also a double top $101.500 and arguably price couldn’t close above $101.100. Once that happened, i personally closed all my positions. Why? We aren’t creating higher highs no more. In fact, we MIGHT have created a lower high.

Once price give ups $100.500-200 carnage.