DXY - Decision Time
The Dollar has broken out of a range in play since the start of the year.
Friday looked to continue this break until the bears came back into play forming a bearish pin bar from the weekly trendline, 50% fib level & 92.00 resistance.
NFP on friday so we could just be gathering premium price.
However after days of bullish momentum I think we are due a retest at least of 91.00
Will be looking for confirmations of a break of the trendline and close above 92.00 or bears a close below 91.00
Friday looked to continue this break until the bears came back into play forming a bearish pin bar from the weekly trendline, 50% fib level & 92.00 resistance.
NFP on friday so we could just be gathering premium price.
However after days of bullish momentum I think we are due a retest at least of 91.00
Will be looking for confirmations of a break of the trendline and close above 92.00 or bears a close below 91.00
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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.