Greenback

Today's ISM services led to profit taking in the dollar. Strong Us economic data is key in the coming months. interesting if we can break and retest above Jan 2, 2025, high of 109.40. On another front, the relative strength index is now beginning to cross below 50. failure to defend the 108 area would then depreciate to a price of 105.50, a major structural support zone, and this area is the bull's last line of defense. I am using the September 2024 low as my Fibonacci guide.