Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75.
A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here.
The bullish view could, however, turn weaker in the event that the dollar index slides to 95.0 – 94.75 to mark a retest of the H&S and price channel breakout level. In such a scenario, US dollar will be likely struggling to breakout above 95.95 – 95.75 which could potentially turn to resistance and put the bullish view into question.
Your likes and comments are really appreciated guys, thank you for all the support and trade safely.
very nice trade ... it is in the median line and no matter what, it gonna reach your target one I believe ... I'm a big fan of Andrew ... :)))
TheBanker
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Thank you my friend
TheSmartInvestor
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you smart
arif_awan
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TheBanker
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almost...
ElPatron.Y
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Your inverted head and shoulder is very handicap.. There almost is no neckline...
TheBanker
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Ha, yes until we get up to 98.xx this is the headless horseman.
ElPatron.Y
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Weekly so far not so good...
TheBanker
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Agreed my friend, however, last weekly high 96.685 and this 96.843 (so far) - I especially enjoy the break above.. wait for the pullback into the 95.00 - 94.75 area, and long targeting 98.xx
ElPatron.Y
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That one I agree! My long term bias is long also, I can see a massive bullflag with a flat correction going on.