The DXY maintains bullish momentum after finding support at the pink channel support and the .382 retracement of the recent bullish impulse leg.
We also have a nice rejection candle, and multiple candle closes above the 97.7 level, signifying a false break of the 97.7 support.
I expect the Dollar index to continue upwards and retest the recent highs. Keep in mind, upcoming NFP can cause massive swings in either direction.
We also have a nice rejection candle, and multiple candle closes above the 97.7 level, signifying a false break of the 97.7 support.
I expect the Dollar index to continue upwards and retest the recent highs. Keep in mind, upcoming NFP can cause massive swings in either direction.
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