Daniel.B

Dollar Trading Into Channel High

TVC:DXY   US Dollar Currency Index
52 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. =)
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