The dollar has currently been consolidating since the uptrend reversal and then downtrend reversal since March.
Scenario #1: Hold a SHORT position, possibly a breakthrough on the huge support apart of the consolidation.
Scenario #2: Hold a SHORT position, then when hitting the support around the 0.8205 mark you will create a LONG position.
The...
Currently the dollar has hit it's all time low coming into this month after coming out of a huge reversal.
Currently in a consolidation, which will repeat itself evident by the strong support and resistance that is showing from the dollar.
If you have any opinions on the charts do comment.
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