Dollar index started 2016 with a rally from the 98 support zone.
We will probably see the Dollar heading to re-test 100$ and there are two patterns that you should monitor now:
1. Bearish Gartley - Just below 100 $DXY will complete bearish Gartley pattern.
2. Bearish Butterfly - A pattern I mentioned in the past - Completion near 101.5
Potential reversal in $DXY means potential reversal is coming for the Majors. Will the NFP created the trigger that will ignite USD sell off?
Tomer, The MarketZone.net
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We will probably see the Dollar heading to re-test 100$ and there are two patterns that you should monitor now:
1. Bearish Gartley - Just below 100 $DXY will complete bearish Gartley pattern.
2. Bearish Butterfly - A pattern I mentioned in the past - Completion near 101.5
Potential reversal in $DXY means potential reversal is coming for the Majors. Will the NFP created the trigger that will ignite USD sell off?
Tomer, The MarketZone.net
Follow me on TradingView
Follow my blog - goo.gl/TWWN8C
Subscribe to my mailing lists - goo.gl/JfOLoR
