After more than a week of ranging near the top, the dollar has broken below the range.
On the first day of the breakout, the price pulled back strongly the following day back into the supply zone.
However, on the last trading day last week, the dollar fell through the floor, showing that the sellers are now in control.
Therefore in this week, we are clearly expecting the dollar to display more bearish movement towards the bottom of a 7-month ascending triangle
On the first day of the breakout, the price pulled back strongly the following day back into the supply zone.
However, on the last trading day last week, the dollar fell through the floor, showing that the sellers are now in control.
Therefore in this week, we are clearly expecting the dollar to display more bearish movement towards the bottom of a 7-month ascending triangle
