We have seen dollar index breaking the channel around 61, 8 fib retracement level and further continued with more bearish movement all the way to the 92, 70 area and support holding nicely.
Slowly DXY is gaining some more bullish momentum and we expect dxy to extend it's gains all the way to around(97,00 -97,37 area) till around 38, 2 fib retracement level , where short opportunities could prevail.For now it would be a good opportunity to continue to buy the dollar.
Slowly DXY is gaining some more bullish momentum and we expect dxy to extend it's gains all the way to around(97,00 -97,37 area) till around 38, 2 fib retracement level , where short opportunities could prevail.For now it would be a good opportunity to continue to buy the dollar.