Dollar index. Yellow zones are monthly. Blue zones are weekly. The Dollar began gaining strength and putting in higher highs and higher lows in may of 2011. Recently, the dollar has pierced weekly zone 96-97 which caused consolidation for a number of months before breaking out, putting in a higher high which hit monthly zone 102 but rejected strongly. The 92 area...
EURUSD Monthly. Anticipating test of broken weekly level then off to retest monthly channel resistance. With continued dollar weakness, price could break discending channel to test monthly zone 1.36
Price is moving in a discending channel on weekly/monthly timeframes. The 1.618 extension of most recent Swing low to swing high lines up nicely with discending channel resistance.
