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themarketzone
Mar 16, 2016 4:43 PM

Dollar testing strong resistance zone  Short

U.S. Dollar Currency IndexTVC

Description

The Dollar index is testing a strong resistance zone ahead of #FOMC.
The zone includes structure and 3 SMA lines (all resistance by now)
97$-98$ should be a tough structure to break and perhaps indicates that DXY is about to continue lower following Yellen's press conference.
If it'll rally higher, near 99$ it'll complete a bearish Gartley pattern (blue)

Tomer, The MarketZone
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