FOREXEL

Dollar bounce now approaching critical crossing.

INDEX:DXY   U.S. Dollar Index
66 3 4
Dollar bounced from Demand zone . Now reaching crirical crossing. Watch closely and be careful going against the dollar until you see if this crossing holds or folds. I still deem it unlikely for the dollar to make larger movements until we get a good trigger. Maybe it will be the US Durable goods data or bigger Yield differentials that will trigger the next bigger move
Spot on analysis,, it folded
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This is a closer view
snapshot
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Hi Daily - if it is ok - I will post SD of DXY -
snapshot
+2 Reply
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