Another attempt to break 102$
DXY is up this morning following Trump's speech.
The Dollar is making another attempt to break above 102$ and continue towards 105$ to complete the bearish Crab pattern.
102$ is still a level that you can try and short DXY (or go long Majors) but notice that the Dollar bounced from the trend line and the Fast MA line - This is a sign of strength... not weakness.
Next high impact event for USD will be Yellen's speech on Friday.
The Dollar is making another attempt to break above 102$ and continue towards 105$ to complete the bearish Crab pattern.
102$ is still a level that you can try and short DXY (or go long Majors) but notice that the Dollar bounced from the trend line and the Fast MA line - This is a sign of strength... not weakness.
Next high impact event for USD will be Yellen's speech on Friday.
Commentaire:
Trend Line continues to provide support - Eyes on the Fed.
Breakout above 102$ or a crash below 100$
We will know by the end of the week
Breakout above 102$ or a crash below 100$
We will know by the end of the week
Still above uptrend - Bullish sign?
The Dollar can't find direction.
Critical levels remain valid.
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