USDX SEEMS TO HAVE A RETRACEMENT BEFORE A FURHTER PRICE RALLY
USDX now comes to a strong resistance at 95.25 and under the downtrend line, it have been reversing from the low of 91.92 since 3 May 2016 with very few significant retracement, so to long the USD we could wait it to dip futher to near 94.633, and look for the opportunity to buy at reversal at this level. If it dips further down, then it could go to the next support 93.70.
We look for buying opportunity at low unless the economics data of US gives a pessimistic signal to raising the fed funds rate.
TRADE IDEA 1:
BUY AT 94.63
SL : BELOW THE REVERSAL POINT
TP1: 96.13
TP2: 98.42
TRADE IDEA 2:
BUY AT 93.70
SL: BELOW THE REVERSAL POINT
TP1: 95.223
TP2: 96.13
TP3: 98.42
We look for buying opportunity at low unless the economics data of US gives a pessimistic signal to raising the fed funds rate.
TRADE IDEA 1:
BUY AT 94.63
SL : BELOW THE REVERSAL POINT
TP1: 96.13
TP2: 98.42
TRADE IDEA 2:
BUY AT 93.70
SL: BELOW THE REVERSAL POINT
TP1: 95.223
TP2: 96.13
TP3: 98.42
Transaction en cours:
A sign to further falling?