Olu

Dollar Index: Stuck In A Range But Still Bullish...

Olu Updated   
TVC:DXY   U.S. Dollar Index
6
Comments on the chart.
Comment:
Price action is disappointing or the $ bulls as price gapped down below the support line that has held for the last 3 attacks. If price regains the support line it would amount to a false breakdown and there will once more be a potential for higher prices. Normally if the gap on the chart is a breakaway gap price should move down very quickly. If that doesn't happen then it could be filled soon
Comment:
The dollar index is trying to regain broken support. If it does then the bullish idea is back on. There is a gap to be closed which could be the immediate aim of the market
Comment:
The dollar has regained the support line and this price action is bullish.
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