If the resistance holds then swing SELL it. If not its breakout.
The USD had been gaining so much power for the last two weeks due to the Corona virus. Traders puts their money onto USD for safe keeping but for how long does this going to happen?
It depends on the situation. It is safe to assume that the USD would enter the exhaustion period before it enters into another trendline.
So for now, if the resistance holds, then its safe to assume that the USD might want to step back for a little.
It depends on the situation. It is safe to assume that the USD would enter the exhaustion period before it enters into another trendline.
So for now, if the resistance holds, then its safe to assume that the USD might want to step back for a little.
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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.