After testing the resistance again, dxy now shows bearish divergence on RSI. A break lower below the neckline and 38.2% retracement might signal a short.
As expected, today dollar has pulled back and the White House tries to greatly ease the political tensions to bring strength to the market after recent sell off. Weaker dollar is ow better for the US and we could see this playing as a double top.
Happy Trading!
As expected, today dollar has pulled back and the White House tries to greatly ease the political tensions to bring strength to the market after recent sell off. Weaker dollar is ow better for the US and we could see this playing as a double top.
Happy Trading!