Trader_97

DOLLAR SLIPS LOWER !! WILL IT CONTINUE SOUTH ?

INDEX:DXY   U.S. Dollar Index
20 0 0
Dollar was moving higher sharply until last week but now it seems like we may have carved a top around the 100.50 mark.Currently trading below the 0.236% retracement level and price is in direct contact with the 50 day EMA .We may stop and stall around the 0.382% fib retracement level if we continue to decline.T.L support from October 2015 was broken yesterday but the T.L for medium term extending from August 24th remains intact which may come into play if test the 0. 50% retracement level
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