The U.S. Dollar dropped into support early in the week at 99.95-100.15- a region defined by the 50% retracement of the late-April advance, the 2023 low-day close, and the 2024 low. Note that the 100% extension of the decline rests just lower at 99.55 and losses would need to be limited to this level IF Euro is heading higher on this stretch.
Initial resistance is at with the Friday close at 100.98 with a breach / close above the September high / high-day close (HDC) at 101.77/92 needed to fuel the next leg of the advance.
-MB
Initial resistance is at with the Friday close at 100.98 with a breach / close above the September high / high-day close (HDC) at 101.77/92 needed to fuel the next leg of the advance.
-MB
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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.