Dollar will retest this level. Perhaps dropping to 99.5
This are what I think are the ultimate supports of the Dollar before we see the full reversal.
Seeing GBP EUR and JPY resistances I truly believe it will touch the 99.5 Mark.
But it might suprice us as the Dollar usually does. In this case, it could hold the previous support I predicted, OR it could bounce off the 99.41 multi-year long strong resistance.
It goes without saying that depending on this test we will see how strongly the dollar rebounds from the ashes.
I still expect to see a bearish/bullish formation before it goes to retest the upper channel limit at around 102-103 mark
Seeing GBP EUR and JPY resistances I truly believe it will touch the 99.5 Mark.
But it might suprice us as the Dollar usually does. In this case, it could hold the previous support I predicted, OR it could bounce off the 99.41 multi-year long strong resistance.
It goes without saying that depending on this test we will see how strongly the dollar rebounds from the ashes.
I still expect to see a bearish/bullish formation before it goes to retest the upper channel limit at around 102-103 mark