Going to retest the ascending support line in the 1hr chart
going back in the support zone and bouncing off of the descending channel support line.
looking to break the channel and retest the support
touching the swing low, so a bounce back up should be coming soon, but it depends on how good the dxy will perform.
Going to retest the resistance with keeping the support on the swing low. with DXY being bullish at the moment, this move is highly likely to happen.
Looking at the monthly chart, we see that is formed a strong broadening top, and also the impulse and followed by a correction. So the next move is definitely long. Everything looks good, let's hope that it actually happens.
After hitting the lows, a bounce is definitely likely to happen. The swing low has a great potential of it. This is the weekly chart.
we do see a strong swing low was formed and is about to be reached again, so a bounce from this level is likely to happen. The target is the swing high which will be the 0.78975.
Double top at the 1.25 level in the daily chart. Swing low of bullish wedge showing potential shorting opportunity at 1.20 level.
the support will be broken and the swing low of wedge would be too.