Price has been on an uptrend since January 2019 giving us a series of Higher Highs and Higher Lows, shown clearly on the Daily TimeFrame. Price has also been rejecting to push higher than 98.00 since April 2019. I have highlighted the MACD divergence seen on the Daily and 4HR indicating the possibility of a bearish run.
Moving to the 1HR, price is sitting on the...
USDDOLLAR is in a short trend from the looks of the Weekly and Monthly chart. If the current support level is broken, then we can expect it to go down 400 pips+ below until next support.
Depending on the price where you sell, do attention to your SL.
This is a good move to keep an eye on.
