Dollar index is in a period of consolidation/re-accumulation for a potentially bullish breakout in following weeks
Today we have a gap above the asia high, after a test of support around 103.8
Buys can be placed for NY session today (8th) Targeting Thursdays NY High
We should at least close the gap today, and possibly achieve target by Friday
There is a descending trendline which potentially contains alot of stop orders on the following side
Today we have a gap above the asia high, after a test of support around 103.8
Buys can be placed for NY session today (8th) Targeting Thursdays NY High
We should at least close the gap today, and possibly achieve target by Friday
There is a descending trendline which potentially contains alot of stop orders on the following side