Back inside a weekly support zone following trend line rejection
In this week's newsletter I mentioned that in order to continue higher towards my final target zone (99$) DXY will have to over come a daily resistance zone that included a structure and a broken trend line near 97.5$
That zone played major role so far this week and today it has sent DXY back to the weekly harmonic support zone shown in the chart.
GDP now in focus.
Strong numbers will push DXY back up
Weak number will break that support
Basically as long as the harmonic support zone holds, I think that we are now in a potential Buy Zone but no doubt today's price action is a warning signal for the Dollar.
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That zone played major role so far this week and today it has sent DXY back to the weekly harmonic support zone shown in the chart.
GDP now in focus.
Strong numbers will push DXY back up
Weak number will break that support
Basically as long as the harmonic support zone holds, I think that we are now in a potential Buy Zone but no doubt today's price action is a warning signal for the Dollar.
Don't forget to read next week's newsletter - Don't miss the next setup
#WeeklyMarketsAnalysis on Twitter
