Fxprotrader

Dollar Index: Short Term Drop & Then Rally

TVC:DXY   Indeks Mata Wang US Dollar
I don't trade the Dollar Index             but having an idea on what to expect in it, always help us analyzing the US dollar             related currencies. Price is heading towards the lower parallerl of the median line where previously found pip perfect support at 92.60 level. In case it reaches we should keep a closer eye for support to hold and in such case, most likely price will reach higher levels such a 95,00.

Willing to see if there is potential for price to reach the lower paralle, and switching to the lower timeframes we may see the formation of a bearish flag which when broken, price will drop and head to the lower parallel.
Couldn't agree more !!
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