Now we are in an important resistance level. The price must be supported at this level, ie. 1.153 else we face a correction of it falling towards the bullish trend line (at around 1.138).
Looking at the DXY, we see it has reached the bottom at 95.14 and a possible retracement is expected. If it happens, then we can see DXY going up towards the bearish trend line (at around 96 level).
So for now, if you have not long, wait a while more for bullish candles confirmation. If you want to short, wait for it to break down the resistance line and pull back.
Looking at the DXY, we see it has reached the bottom at 95.14 and a possible retracement is expected. If it happens, then we can see DXY going up towards the bearish trend line (at around 96 level).
So for now, if you have not long, wait a while more for bullish candles confirmation. If you want to short, wait for it to break down the resistance line and pull back.
