It looks like a correctional move started on Dollar index.
Here are the key levels for you to watch:
Vertical levels:
The market is currently trading within a huge rising parallel channel.
Its upper boundary is the closest resistance to watch.
Its lower boundary is the closest demand point.
Horizontal levels:
97.5 - 97.4 is the closest horizontal supply area
94.3 - 94.75 is the closest horizontal demand area
93.0 - 93.4 is a strong support zone to watch
The next trend-following move will most likely start only once the price reaches a vertical support.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.