DXY broke the consolidation box and retested it pretty perfectly.
Major Support around 96.00 seemed to hold for a next time, but last week dollar dump took us below that crucial
level. Now we might see slight pullback to that area and see continuation of dumping dollar to 95.00, where is also my first target.
Don't forget about 1st of February's NFP, which can change a direction of dollar a lot.
Trade carefuly guys and good luck this week.
Major Support around 96.00 seemed to hold for a next time, but last week dollar dump took us below that crucial
level. Now we might see slight pullback to that area and see continuation of dumping dollar to 95.00, where is also my first target.
Don't forget about 1st of February's NFP, which can change a direction of dollar a lot.
Trade carefuly guys and good luck this week.
Note
Consolidation on lower timeframes.Dollar is ranging in the box. Awaiting break
Note
PERFECTION!Note
Now we are awaiting if the daily closure will be hammer after tested ranging box area, or will it go higher to the trendline.
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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.