We try to analyze the direction of the dollar at the beginning of the week to get ideas on other currencies.
As can be seen in the graph above, the dollar breached the resistance last week after six unsuccessful attempts and after it remained stuck in the middle between 95.49 and 97.67 since November.
That resistance breaks out after a while and after a long period of time, it should lead to serious increases.
The next target of the dollar is 100.30
Buy DXY:
Entry Price: 98.10
Take profit: 100.30
Stop Loss: 97.40
As can be seen in the graph above, the dollar breached the resistance last week after six unsuccessful attempts and after it remained stuck in the middle between 95.49 and 97.67 since November.
That resistance breaks out after a while and after a long period of time, it should lead to serious increases.
The next target of the dollar is 100.30
Buy DXY:
Entry Price: 98.10
Take profit: 100.30
Stop Loss: 97.40