Hi guys ! Last week was good for DXY with a run from 95.5 to 96.8. On Friday, there was a little pullback to 96.3. The main resistance is at 97, and if DXY can't cross this one, a double top will formed and it should drop to 95.5/95.6. On H12 (as the chart), the price bounce perfectly on the MA10 at 96.3, so i expect a run to 97 before a new trend line ....
Buy above 0.9593. Stop loss at 0.9560. Take profit at 0.9671. Reason for the trading strategy (technically): Price has dropped and reached our buying level before bouncing up perfectly. We remain bullish above major support at 0.9593 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up to at least 0.9671 resistance (Fibonacci...
Hi guys, It is hourly chart and made a correction pattern. If you look at daily chart, the price has reached the support line of the channel.