Updated

Dollar Index - bearish targets?

see chart for details, three areas of interest for this dollar bears to look at for targets, or for the bulls to look at for areas to enter longs.

Note

so first target area is holding, but looking vulnerable for a break to the downside with the latest attempt to a bounce being engulfed with a bearish bar.
next target would be around 95.20 area

Note

break, and in swift move the second target has been reached, where it is consolidating now, but looks poised for a further drop

Note

second target reached and previous support and 200ma appear to form sufficient resistance. two pins on 4hr chart indicate rejection and we may see dollar recover from here

Trade closed: target reached

mcpeacocks

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mcpeacocks