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May 21, 2019 4:32 AM

USD index Approaching Resistance, Prepare For A Reversal Short

USDJPY/111.61+USDEUR/0.9+USDGBP/0.77+USDAUD/1.42+USDNZD/1.5+USDCHF/1.02+USDCAD/1.33FXCM

Description



USD index is approaching its resistance at 7.055(61.8% Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support at 7.006(61.8% Fibonacci extension, horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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