Potential Dollar Strength Over The Coming Days
Hi Traders,
The US Dollar index approached the 11850 phycological zone and has since retraced higher. This implies that the Dollar will continue to rise against other pairs until the 11920 level where it meets a 61.8% fib + prior price structure resistance.
Take this into consideration when buying the Dollar vs other pairs. Our current plan is to wait for the Dollar index move higher to grind to a halt and to then begin to seek out short positions on USD pairs.
Good luck!
The US Dollar index approached the 11850 phycological zone and has since retraced higher. This implies that the Dollar will continue to rise against other pairs until the 11920 level where it meets a 61.8% fib + prior price structure resistance.
Take this into consideration when buying the Dollar vs other pairs. Our current plan is to wait for the Dollar index move higher to grind to a halt and to then begin to seek out short positions on USD pairs.
Good luck!