TradingView
BTCMarket
May 23, 2016 1:25 PM

Long USD  Long

U.S. Dollar Currency IndexTVC

Description

The US Dollar is in a corrective bounce and is currently meeting some resistance at the 141.4% extension level + February 12th low at 95.46. If we see a daily close above 95.46 or a push higher into tomorrow this would be very bullish for the buck and open room for a move to the 161.8% ext level + 61.8% retracement level + just below the 100Dma.

This is ripe to short either the eur/usd or gbp/usd.

Plenty of pips to pull out of this so watching closely into the close of today and the opening price action tomorrow.

Good Luck

Comment

More