Here we have used fan trendlines to try grasp a better understanding of where their may be a significant zone for the dollar, as we can see above the current price is some previous highs in 98.50 range, which we seen price struggled to break. from here what we could look at is a negative for the dollar just before the interest rate decision on tuesday where i could see a pump in the dollar with an expected decision. (Fundamental Study)
here we can see that the dollar is reaching an important level where looking at price action we can see which could be considered two high wicks on the peak of 97. level, todays a make or break for the dollar, today we could see 95s/96 or even 99. Every one has been prolonging an expected move. I like to try think of the unexpected as the market tends to look for shocks with huge data.
- key fib level
-price action looking good thus far
-nice bounce and respect of previous confluence areas!
Trade would carry alot of risk today, so trade responsibly.
here we can see that the dollar is reaching an important level where looking at price action we can see which could be considered two high wicks on the peak of 97. level, todays a make or break for the dollar, today we could see 95s/96 or even 99. Every one has been prolonging an expected move. I like to try think of the unexpected as the market tends to look for shocks with huge data.
- key fib level
-price action looking good thus far
-nice bounce and respect of previous confluence areas!
Trade would carry alot of risk today, so trade responsibly.