On overall, I have a bullish momentum for the Dollar index but we can see the formation of a head and shoulders which could mean that we are likely to see a bit of USD weakness temporarily.
If we don't see a break above the current support, then we are going to see USD weakness. Only after we see a break of the next suport level at 12046, should we see DXY continuation a bullish move to 12133.
Watch out for the news releases this week that could affect the USD, and as always, trade safe. Like and comment your thoughts.
check linktree in Bio for chart analysis.
If we don't see a break above the current support, then we are going to see USD weakness. Only after we see a break of the next suport level at 12046, should we see DXY continuation a bullish move to 12133.
Watch out for the news releases this week that could affect the USD, and as always, trade safe. Like and comment your thoughts.
check linktree in Bio for chart analysis.
