DXY closing right above Monthly levels, Breakout or reversal?
DXY just closed this friday above monthly level where we are as well touching a bullish trendline subdivition. Friday news melted te price into this level, and expecting more price action from news today. Must be alert for 2 posibilities
1st - We could be looking at the reversal point for 2 options heading all the way up to upper trendline or to weekly level to forma a head and shoulders bearish pattern.
2nd - This might be the breakout that brings the USD to the ground.
1st - We could be looking at the reversal point for 2 options heading all the way up to upper trendline or to weekly level to forma a head and shoulders bearish pattern.
2nd - This might be the breakout that brings the USD to the ground.