Dollar is testing support as Investors wait for Draghi and CPI
The Dollar Index is back near support after a failed rally that we saw in August.
The support zone includes the bottom of a rising channel, MA line and a structure zone (previously resistance, now potential support)
On Thursday we will have the ECB meeting and the U.S CPI data - Two events that can (and probably will) impact the Dollar.
The bearish scenario shows potential to reach 93
The bullish scenario shows potential to reach back to the top of the channel
What do you think?
The support zone includes the bottom of a rising channel, MA line and a structure zone (previously resistance, now potential support)
On Thursday we will have the ECB meeting and the U.S CPI data - Two events that can (and probably will) impact the Dollar.
The bearish scenario shows potential to reach 93
The bullish scenario shows potential to reach back to the top of the channel
What do you think?