DXY breaking down through 93.00 on positive Chinese data
DXY breaks through descending trend line
The Dollar weakness is taking the DXY through a 4hr trendline Positive data from China has given risk appetite a shot in the arm and equity futures are moving higher.
Weakness in the Dollar pushes the major pairs higher (EURUSD, GBPUSD, AUDUSD etc). A clean break here in the DXY and that opens up 92.50 below and above 1.1900 on the EURUSD