Comments on the chart. Will be watching closely next week. If the uptrend line goes I will short $. If we take out the high of the last weekly candle bullishness is back. If price does not do any of the two I will remain neutral
Comment:
As suspected the weakness in the $ played out today. nearest solid support is around 100.15 area.
Comment:
Price continues its weakness last week and closed just above the 100.15 area. If the $ is to b bullish and going for 106 area a good place for a turn is right here. A sustained close below the said area will change me from neutral to outright bearish
Comment:
The $ was nailed today and immediate support at 99.62 is being attacked tight now. It is not far from here at all. A break below there will confirm an impulse wave down on this weekly chart. This would not be good at all for the $ at all and all those calling for 96.00 may turn out to be right
Comment:
Price is doing its best to hold the 99.62 low. It was breached today but price closed back up above it. Price is waiting for fundamentals - perhaps the rresult of Trump's health bill?
Comment:
DXY is recovering nicely. Will put up a new idea so that the current state of the indicators can be seen. Bullish