H1 / H4 sell position at price 25680 /25700.
Take profit at 25200 / Stop Loss at 25775
Last week was a bad week for the US Dollar. The currency shows weakness after several china-us trade war news, US company loses and US Home Sales below expectations among other bad News Releases.
I expect a big downside momentum after taping on the 25700 / 25675 zone resistance.
Technical analysis showing FIB 61%, MA 100 & 200 tap, Bollinger Bands overbought zone, RSI approaching 70% and downside trendline touch between 25675 / 25725 zone.
The downtrend momentum should be strong enough to break 25300 and retest, setting Take Profit at 25200 massive resistance tap.
Take profit at 25200 / Stop Loss at 25775
Last week was a bad week for the US Dollar. The currency shows weakness after several china-us trade war news, US company loses and US Home Sales below expectations among other bad News Releases.
I expect a big downside momentum after taping on the 25700 / 25675 zone resistance.
Technical analysis showing FIB 61%, MA 100 & 200 tap, Bollinger Bands overbought zone, RSI approaching 70% and downside trendline touch between 25675 / 25725 zone.
The downtrend momentum should be strong enough to break 25300 and retest, setting Take Profit at 25200 massive resistance tap.