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Olu
Apr 22, 2017 1:56 PM

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

U.S. Dollar Currency IndexTVC

Description

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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