Dollar is currently in a bear cycle and forming its wave C in the daily chart.
It is crossing its 200-SMA insinuating further weakness ahead.
The next support for dollar is at 93.85 where it could make a pit stop.
Traders can initiate shorts to captivate the bearish momentum.
It is crossing its 200-SMA insinuating further weakness ahead.
The next support for dollar is at 93.85 where it could make a pit stop.
Traders can initiate shorts to captivate the bearish momentum.
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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.
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.