The Dollar Index broke the important level and made a new low today, but rallied due to the weakness of GBP and some other things. Now it's rallying to that broken support level, time to sell it now!
GBP/USD 0.13% at an important level that was the last month's and week's high point. Currently, it looks bullish but it could be a fakeout, let's wait and see what's the next move on Thursday. Also, keep an eye on US Dollar Index -0.15% @DXY. Don't just follow this, you may see some other confluence as well, most of the technicals are saying that it's gonna...
DXY has been in an uptrend for so many months but finally looks like buyers have been exhausted. 23% Fib level also lies at the res-turned support > res again. With some more confluence, I am selling dollar with some other strong currencies. Comment and let me know what you think?