The dollar at the weekly level will retrace to about 61% (of wave-A of the zigzag) at which point it will hit the upper support/resistance line.
Then it will begin the wave-C of the zigzag that will take it down to 89
At 89 it will meet a significant support level which has had recent touches and has been existent since 1994
Then it will begin the wave-C of the zigzag that will take it down to 89
At 89 it will meet a significant support level which has had recent touches and has been existent since 1994
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.