The Dollar Index Closed the Monthly Candle with Heavy Buying pressure,
previous candle close was a bullish engulfing
It was at a key area of support, and i do think we have a bottom in.
I would look for a move over the next couple months to 95 Even
and then most probable the resistance at 96
where we could get rejected for a further move down to test the 2018 lows at 88.500
If we however break this key level i would immediately get bearish for a move to 88.500
previous candle close was a bullish engulfing
It was at a key area of support, and i do think we have a bottom in.
I would look for a move over the next couple months to 95 Even
and then most probable the resistance at 96
where we could get rejected for a further move down to test the 2018 lows at 88.500
If we however break this key level i would immediately get bearish for a move to 88.500
註釋
weekly closed below ssupport and invalidated the idea
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