How low can the dollar index go?
We can draw a large long-term channel on the chart, and we see that a large accumulation is taking place in the lower part of the channel. This is followed by a bullish trend to the upper line of the channel, where we encounter new resistance and retreat to the lower line again. Based on that, the dollar could make a big drop. For now, the obstacle to that scenario is the previous movement zone of 90.00-100.00.
We can draw a large long-term channel on the chart, and we see that a large accumulation is taking place in the lower part of the channel. This is followed by a bullish trend to the upper line of the channel, where we encounter new resistance and retreat to the lower line again. Based on that, the dollar could make a big drop. For now, the obstacle to that scenario is the previous movement zone of 90.00-100.00.