Bullish reversal in Dollar index - Upside is still limited
The Dollar Index has made a strong bullish reversal yesterday and created an Outside Bar pattern that can turn to a reversal pattern if the price will continue higher and close above yesterday's high..
Despite the strong bullish candle, the Dollar's bulls should still remain cautious as the potential upside is still limited.
94$, which was a strong support zone, is now the resistance zone that $DXY will have to face if it will attempt to rally higher.
Tomer, The MarketZone.net
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Despite the strong bullish candle, the Dollar's bulls should still remain cautious as the potential upside is still limited.
94$, which was a strong support zone, is now the resistance zone that $DXY will have to face if it will attempt to rally higher.
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
Comment:
Dollar index reached resistance - Will be tested next week
Comment:
Daily Doji forming. Inside the resistance zone