Timeframe: 4H
Price has pulled back into a bullish fib zone, with a bullish TL support, BRC, and 50 EMA on the 4H as dynamic support. Somewhat unclear if it made a higher high on this chart as it didn't break the previous wick, but did close above the previous body of the high. Showing some deceleration at this area too, which could be a sign of reversal from here.
Dollar experienced a pullback today, expected after the big drop late last week, should see the downtrend in the dollar resume for the rest of the week and beyond, thinking the DXY should go down to 90.00 next.
Price has pulled back into a bullish fib zone, with a bullish TL support, BRC, and 50 EMA on the 4H as dynamic support. Somewhat unclear if it made a higher high on this chart as it didn't break the previous wick, but did close above the previous body of the high. Showing some deceleration at this area too, which could be a sign of reversal from here.
Dollar experienced a pullback today, expected after the big drop late last week, should see the downtrend in the dollar resume for the rest of the week and beyond, thinking the DXY should go down to 90.00 next.