Daniel.B

Dollar Trading Into Channel High

TVC:DXY   US DOLLAR CURRENCY INDEX
49 0 1
Good Evening Traders,

The Dollar has traded into multiple areas of resistance: The channel highs and .786 Fibonacci Resistance level. We also had a bearish Daily Candle close at said resistance area.

Let's see if bears pick up steam at these technical levels for a healthy pullback.

If bears take control, first expect a move down to near term support at 97.50; With a potential to break lower to the channel lows and horizontal breakout support at 96.15.

Trade smart and with a plan. Cheers. =)
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out