DXY -14/10/2022-
• US dollar finished the day in red following post U.S inflation figures rally
• Accelerating trend lines on the chart
• We are now trading inside a bullish ascending channel
• Prices might correct down to the 111 level
• Breaking the above level might expose lower prices for the Dollar
• Trading now near the 38.2% retracement
• Correction mode for the Dollar, Fibo retracement levels drawn on the chart
• Accelerating trend lines on the chart
• We are now trading inside a bullish ascending channel
• Prices might correct down to the 111 level
• Breaking the above level might expose lower prices for the Dollar
• Trading now near the 38.2% retracement
• Correction mode for the Dollar, Fibo retracement levels drawn on the chart
Ramzi Abou Abdallah, CFTe, CMT
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