It looks the dollar is dying, and yes it's looking nasty BUT with the big run up, you also can see it like a good pullback.
Everybody is bearish on the dollar but that's the thing what we want, right?
Meaning when everybody is bearish, it's time to become bullish
IF and only if it's crossing the 61.8°FIB with an open and close W candle. It's done with the dollar.
What i see for the moment:
- Can go till 61,8°FIB (around 99,17)
- The 200EMA is also overthere
- And there's a very good blue support line (That blue line is coming from april 2008 and it's a very strong support line, but that you can't see on this idea)
Everybody is bearish on the dollar but that's the thing what we want, right?
Meaning when everybody is bearish, it's time to become bullish
IF and only if it's crossing the 61.8°FIB with an open and close W candle. It's done with the dollar.
What i see for the moment:
- Can go till 61,8°FIB (around 99,17)
- The 200EMA is also overthere
- And there's a very good blue support line (That blue line is coming from april 2008 and it's a very strong support line, but that you can't see on this idea)