Dollar Index is approaching support level (red zone) where is possible that we are going to see accumulation or bounce. Currently we are in downtrend (green line) and MACD, RSI and other indicators are confirming bearish bias. In case of going up from this zone it is cruccial to break above two dashed green lines that could act as resistance. If we see full candle closed below red zone that is confirmation of bear continuation.
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Price stopped between dashed green lines which I mentioned as a potentional resistance. If price brokes above it then it is possible that we are going to see testing of the downtrend line (green line).
In case of going down then price will probably go to the support zone (red zone).
Another possible scenario is accumulation arround this point before next movement.
In case of going down then price will probably go to the support zone (red zone).
Another possible scenario is accumulation arround this point before next movement.
