I've been waiting for the dollar to die for a while. Take a look at what is going on in the news and based on WHAT I BELIEVE the dollar is going on a bearish run. On this chart I don't have the channels or monthly levels featured but I do have the dollar broken out of a bullish channel. It's also sitting at a monthly S/R zone. I'm expecting it to break thru and push further lower. Maybe a slight pullback this week and splash water falls from there.
I'd like to see price gradually drop to 92.45ish area and reset before a continued drop to 89.44ish where another monthly zone is sitting. If I'm being honest with myself I don't care how far it goes down I just need it to die. I'm also bullish on XXX/USD pairs so that also plays into why I feel the dollar will go down.
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