US index at very key level now at 101.660, the 102 level is strong resistance for US dollar , if the level will breakout and then market will be bullish as trend still in bullish. As market retest done from 102 to 101.449. The level 101.449 is now become the support in H4 time frame and market give respect to both levels.
after breakout of 102 level the next possible level will be;
1. 102.321
2. 102.689
3. 103.500
4. 104.500
If the market will moved above mentioned level as per the movements of the markets the major currency pairs including Gold will be bearish and will touch their support zones in higher time frames. But keep in mind the fundamentals news will be upset the technical analysis and will lead to trend change, structure change and momentum of the market will be change.
So, marked high impact factors news and you will get good results.
after breakout of 102 level the next possible level will be;
1. 102.321
2. 102.689
3. 103.500
4. 104.500
If the market will moved above mentioned level as per the movements of the markets the major currency pairs including Gold will be bearish and will touch their support zones in higher time frames. But keep in mind the fundamentals news will be upset the technical analysis and will lead to trend change, structure change and momentum of the market will be change.
So, marked high impact factors news and you will get good results.