We confirm support above broadening bottom, which is nested inside another broadening bottom...
since confirmation, can expect to find resistance near local high around 108.
I expect the larger broadening bottom to fail... that is DXY price would not find support above that upper trend line.
that's just my impression based on the greater macro... bulls are ready to take flight into risk assets, DXY can easily fall to 100 before any major relief.
since confirmation, can expect to find resistance near local high around 108.
I expect the larger broadening bottom to fail... that is DXY price would not find support above that upper trend line.
that's just my impression based on the greater macro... bulls are ready to take flight into risk assets, DXY can easily fall to 100 before any major relief.
Comment:
I marked divergence on lower trendlines price\rsi, but you can find it above, as well.. no problem reaching 108... we'll see what comes next
Order cancelled:
honestly this is smelling more and more like a fakeout. I gave up safe haven, back into risk assets.
