mcpeacocks

Dollar Index - bearish targets?

TVC:DXY   U.S. Dollar Currency Index
see chart for details, three areas of interest for this dollar bears to look at for targets, or for the bulls to look at for areas to enter longs.
Comment: so first target area is holding, but looking vulnerable for a break to the downside with the latest attempt to a bounce being engulfed with a bearish bar.
next target would be around 95.20 area
Comment: break, and in swift move the second target has been reached, where it is consolidating now, but looks poised for a further drop
Comment: second target reached and previous support and 200ma appear to form sufficient resistance. two pins on 4hr chart indicate rejection and we may see dollar recover from here
Trade closed: target reached

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