Price has entered a small range of consolidation, but overall the daily head & shoulders seems to be playing out well. 50 MA crossed over the 200 SMA, & The 20 MA is under the 50 MA showing a very bearish sign.. I am expecting a strong breakout of consolidation soon moving price further to the downside. Its all about waiting now !
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price moved down to support & the dxy market is open, so we could potentially see a gap on dollar pairs when the FX market opens.. Lets see if we can breakout of consolidation
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DXY breaking below daily head & shoulders neckline, if we see a break daily close below this level there is a high probability the dollar will see the 91 area