Richie242

US Dollar Showing Signs of Bullish Strength

FX:USDOLLAR   Dow Jones FXCM Dollar Index
The US Dollar approaching the neckline of a potential double bottom formation. Previous daily candle closed bullish, giving a sign that there's still bullish momentum in this market. This market has greater potential to Retest previous structure lows before deciding whether it will reverse or break the level by the end of this week. Will be closely monitoring price action if price reaches this zone.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.