The dollar is currently at key levels where it has just about retraced 0.782 of the previous high at 95.15.
It should probably retrace from these levels before the bullish rally continues. A close above 93.67 before a retrace will be a very bullish signal.
The bear case could be that it failed at this key level if it does not close above 93.67 or break 94.25 in the next few days. This could give the bears reason to push for a new low
The 50 day MA has crossed the 100 day MA which indicates that the bull case is stronger than the bear case and that we could just see a healthy retrace soon
It should probably retrace from these levels before the bullish rally continues. A close above 93.67 before a retrace will be a very bullish signal.
The bear case could be that it failed at this key level if it does not close above 93.67 or break 94.25 in the next few days. This could give the bears reason to push for a new low
The 50 day MA has crossed the 100 day MA which indicates that the bull case is stronger than the bear case and that we could just see a healthy retrace soon