The down move shortened and support line is fading slowly. But I think it is not a short position to make, I want to see sellers force the down move first before initiating a full size short sell. I am currently a buy but using small size trade. I will add to the position if the price breaks the consolidation area and stay above there. targe 1 is gap down, target to is the test for the declining trend line, depending on the price action if the dollar breaks away I will complete the long position.
Comment:
Price made a new high close at the resistance area or the gap down price level, I will monitor the close tomorrow for the bulls status quo.
Comment:
still moving sideways but the force is inclined to sellers, I will let my stop manage this, there is a strong possibilities the dollar index might fall, upon checking the EURUSD pair it really resembles the price action.