What's next for the dollar?

Bullish move which has started at 89 level is heading to its ultimate target which is 95.50

Price is heavily overbought and a correction might take place.

In stead of trying to capture the correction, it is safer to wait for the correction to complete and take the long.

We will be watching a profit taking move towards 92.6

Final target will be 95.50

Good Luck.

Commento:

92.60 confirmed as new support, heading towards 94

Commento:

Reached 94.06 for the first target. We are expecting a correction and continuation

Trade chiuso: obiettivo raggiunto:

Tagged 95.00 and we took our second target. Final target will be 95.50 if price decides to get there.

Trade chiuso: obiettivo raggiunto:

Price has reached final target of 95.50. We're expecting a relief and some profit taking. Price action in this zone will set light to our future dollar trades. Cheers.