Good Evening Traders,
The Dollar has traded into multiple areas of resistance: The channel highs and .786 Fibonacci Resistance level. We also had a bearish Daily Candle close at said resistance area.
Let's see if bears pick up steam at these technical levels for a healthy pullback.
If bears take control, first expect a move down to near term support at 97.50; With a potential to break lower to the channel lows and horizontal breakout support at 96.15.
Trade smart and with a plan. Cheers. =)
The Dollar has traded into multiple areas of resistance: The channel highs and .786 Fibonacci Resistance level. We also had a bearish Daily Candle close at said resistance area.
Let's see if bears pick up steam at these technical levels for a healthy pullback.
If bears take control, first expect a move down to near term support at 97.50; With a potential to break lower to the channel lows and horizontal breakout support at 96.15.
Trade smart and with a plan. Cheers. =)
