02.22.2022

DAILY CHART: Seems that the USD failed to sustain a rally. This coincides with our “peak FED” thesis and with the fact that inflation is a GLOBAL PHENOMENON that will be tackled by ALL CENTRAL BANKS.

FX is a RELATIVE VALUE market, we feel we are in for a USD CORRECTIVE MOVE LOWER.

**IF THE INDEX MAKES NEW SUSTAINED HIGHS WE HAVE TO ABANDON THIS THESIS**