After the very nice uptrend of the last months, Dollar gives a short term alarm.
This one comes after the breakout of the trendline. The last support is the flat of daily SSB at 109.73 points.
This first alert signal show a weakness in the dollar bullrun, with momentum that diminished since last week.Also the cross of the daily MACD confirmed the loss of strenght.
A real bearish signal will be given by a comeback below daily Cloud, that could trigger a more important retracement to come.
An invalidation of this signal would be given by a comeback above the daily cloud with momentum. So a breakout of the 112.20 points.
This one comes after the breakout of the trendline. The last support is the flat of daily SSB at 109.73 points.
This first alert signal show a weakness in the dollar bullrun, with momentum that diminished since last week.Also the cross of the daily MACD confirmed the loss of strenght.
A real bearish signal will be given by a comeback below daily Cloud, that could trigger a more important retracement to come.
An invalidation of this signal would be given by a comeback above the daily cloud with momentum. So a breakout of the 112.20 points.