In this chart we can see the dollar index
finding support at the same area as two previous lows. You may also notice Monday closure perfectly landing on our -0.27 Fibonacci extension
, furthering on we spot a daily bullish spinning top
Tuesday rejecting the low zone previously mentioned and closing above the fib level! Running from the end of September 2018 we have a trend line
, holding price up on multiple occasions. That is until recently, the break of this trend line
came in mid June. If price manages to break back through the base of our Fib I would likely be looking for short entries between the 96.75 and 96.85 region. This not only coincides with our trend line
but looking left also a decent sized mid range zone.