Dollar Index -23/1/2023-
• Ascending trend line of the whole 21-22 up trend already broken
• Bulls and bears are now fighting through the 50% Fibonacci retracement of the whole move
• Breaking this level successfully exposes 101.40-50 support ( triple bottom ) which was already tested today
• Below that comes the 61.8% level near 99.20
• Bulls and bears are now fighting through the 50% Fibonacci retracement of the whole move
• Breaking this level successfully exposes 101.40-50 support ( triple bottom ) which was already tested today
• Below that comes the 61.8% level near 99.20
Ramzi Abou Abdallah, CFTe, CMT
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