Dollar tests 200 days MA before Fed - Range trading
Dollar Index tests the 200 days MA line as resistance, right in the middle of its weekly trading range (94-98$)
As long as the 200 days holds as resistance, chances are that the index will test the bottom of the range again, near 94$.
In case of a close above the 200 days MA line, Dollar Index will probably test the top of the range and the completion zone of a small Bat near 97$.
I'm focused on the range's borders for now (these are my different scenarios target zones).
If DXY will close above 98$, next Sell Zone will be 100$
Read special analysis for FOMC - Link in signature.
As long as the 200 days holds as resistance, chances are that the index will test the bottom of the range again, near 94$.
In case of a close above the 200 days MA line, Dollar Index will probably test the top of the range and the completion zone of a small Bat near 97$.
I'm focused on the range's borders for now (these are my different scenarios target zones).
If DXY will close above 98$, next Sell Zone will be 100$
Read special analysis for FOMC - Link in signature.
Comment:
Approaching pattern completion zone
