USD is on it’s way to test the 101.00 area once again
Price action has been forming very well within this range between 98.50 & 101.00 and we are expecting a bounce from this level to continue the range
The blue arrow represents the most probable path for price action which in this scenario includes a bounce from resistance at 101.00
The orange arrow represents the possibility of a breakout to the upside if bullish momentum continues. This is not the preferred path but it is possible and could be the result of high impact news, dollar shortage & extreme dollar demand!
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.