For now, we have resistance at the 50.0% Fibonacci level and the formation of a lower high for the dollar index. On the lower side, we have solid support in the zone around the 38.2% level, and we need a break below it in order to start a further pullback and form a new lower low.
Note
The dollar remains below Friday's high, thus forming a lower high. Now we expect a further retreat and the potential formation of a new low for the dollar index.
Note
The EMA50-4 h now exerts additional pressure on the dollarNote
Note
Note
possible retest to previous low
Note
Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.