Aleksin_Aleksandar

Dollar test area 90.50-90.70

TVC:DXY   U.S. Dollar Index
As we can see, the dollar is entering a slightly unpredictable period, and it seems to be a very important period for its further direction on the chart. We are located just below the overlap zone of the moving averages MA20, MA50, MA200, EMA20, and EMA200. A decline below or a break above that zone may determine the potential continuation of a shorter-term trend. For now, the dollar is below MA, and we are still moving in the range between 90.00-91.00. By setting the Fibonacci retracement level, we see a pullback to 61.8%, then retesting the previous low. And now we can expect consolidation between 23.6% and 38.2% Fibonacci levels.

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