There is some issue regarding the dollar at this point. The devaluation could be in the process so far there are a lot of things behind but let's make it easier. If price breaks from this rising trendline lower It could lead price further lower indicating bearish domination. Expect S1 or S2 of weekly pivot if this breakout happens lower with strong momentum.
Bình luận:
Breakout lower from falling trendline indicated short bias in action.
Bình luận:
*Rising trendline (Typo)
Bình luận:
Bear have managed to came just half way. DXY can fall around its previous low 98 if things get too bad for dollar bill on broad market.
