DXY is stuck in a pennant flag formation
Await for clear break and retest for confirmation of movement
Based on this breakout will reveal USD related trade movement
2600 resistance level may hold out, and price is ranging towards up trend + 2600 cross.
Going to wait to see if price goes up to 2628 level and then drops back back below 2601 and place trade.
One more final push from the bulls, and then we flush! Take a look at banks, they're telling us to buy stocks, think why!
Le scary hour, you heard it here first.
-TK
Euro dipped below the key 100-DMA late last week and trades unbiased on Monday, seeking a direction amid a lack of fresh catalysts. The bulls are now defending the 1.1450 level that is being exposed to a break after a slide below the 1.15 handle.
The pair alternates gains with losses after failed attempts to challenge the 1.1480 area earlier in the day. the ...
DXY is currently pivoting around 95.56. Above this area we should see long targets and a break and retest below should see DXY wipeout its end of last week gains and head back to my lower trendline.
1. The bearish daily trend of the DXY broke at the 95.00 psychological line supported by the daily trendline
2. There is a nice w 4hr formation which is indicating a strong bullish run for the DXY
3. The downward trend is supported by the 800 EMA at 95.60
4. Next target for the DXY is 96.00 are, if it breaks through next area to see is the 200 EMA and the daily ...
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