Dollar Index - Above the 200dma
The Dollar index has found support again as mentioned in the previous post and hit the yearly pivot at $104.22
Some consolidation or flagging expected in the next few days before the next leg unless something major comes out.
Bulls will want to see $102.50 hold on any pullbacks with a potential bigger double bottom (off support zone) pattern that could play out.
Failure there would mean another possible test of the support zone.
Some consolidation or flagging expected in the next few days before the next leg unless something major comes out.
Bulls will want to see $102.50 hold on any pullbacks with a potential bigger double bottom (off support zone) pattern that could play out.
Failure there would mean another possible test of the support zone.
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