DXY is back into an important zone.
On the previous idea, support was found and a rally ensued. We testing the lows again and this time we might break to test the next big level at
99
Failure there will see the dollar continue to weaken on a substantial new leg although my bias leans towards finding support and bouncing again. Alternatively price finds support here to put in a possible 'double bottom' . As always, the lower timeframes will give the clues for the next move.
Happy Trading!
On the previous idea, support was found and a rally ensued. We testing the lows again and this time we might break to test the next big level at
99
Failure there will see the dollar continue to weaken on a substantial new leg although my bias leans towards finding support and bouncing again. Alternatively price finds support here to put in a possible 'double bottom' . As always, the lower timeframes will give the clues for the next move.
Happy Trading!