$DXY, Dollar Index Roadmap after Brexit Dust Clears - July 2016
Updated
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.
Thanks.
tradingsignalreviews.com
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.
Thanks.
tradingsignalreviews.com
Note
almost thereTrade closed: target reached
Target 1 reached, we'll take a bounce at the channel here for addingNote
and... here we go!
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