The euro was heavily fundamentally affected in recent weeks by war conflict, and USD remained the safe haven against the currency, bringing price back under 1.10.
Last week saw some corrective behaviour back to the upside on the lower time frames, breaking certain points of internal structure and then breaching swing points and hourly supply zones.
Interesting...
Just as previous stated in the previous analysis:
-I was expecting price to make make a bullish retracement and test the former neckline/area of support.
-Price found some bullish momentum and tested this area which is now acting as resistance.
-Also price retraced and is now respecting the 61.8 Fibonacci level.
-This also give indication that price is ready to...
My overall bias is bearish. But here is a chance to go long.
-Price met and respected the Supply zone/Resistance several times.
-ultimately it formed a Triple Top (which is a bearish candlestick pattern).
-Price then broke the neckline/BOS confirming price is now in a downtrend.
-Price then found some support around the 94.75 area and appears to be making a...
I am seeing some bearish pressure on the DXY.
Originally price found support at the monthly/weekly demand/support level.
Price was making a higher highs and higher lows.
Price then met resistance at the daily supply/resistance level and began it's bearish move to the downside.
I can potentially see price trying to make one last push to the upside. I think...
I have a channel for the dollar's current price movement. Maximum potential price point for dxy will be 97. From there we will see a downturn most likely to 96.50
