The only thing holding US Dollar up are Trump’s comments about tariffs. But its nothing more than scaremongering and the market sees it similarly, too, at this point. Both EU and GU are poised for a break upwards, which we can also see on the USD chart, which is topping. There will surely be still volatility everytime Trump comments something, but I think the direction won’t change anymore, it may be only slowed down. Take a look at the chart of US Dollar cycles below, which also agrees with my view.
