Dollar index retreats from multi-year highs at 102.05.
Technical indicators have turned bearish on dailies.
We see scope for test of 100.35 (20-DMA).
Violation there could see next major support at 97.10 (100-DMA) and then 96.13 (trendline & 200-DMA)
Support levels - 100.35 (20-DMA), 97.10 (100-DMA), 96.89 (Nov 4&7 lows)
Resistance levels - 101, 101.10 (5-DMA), 102.05 (Nov 24 high)
Good to go short on rallies around 100.90/101, SL: 101.60, TP: 100.35/ 100/ 99.90
Technical indicators have turned bearish on dailies.
We see scope for test of 100.35 (20-DMA).
Violation there could see next major support at 97.10 (100-DMA) and then 96.13 (trendline & 200-DMA)
Support levels - 100.35 (20-DMA), 97.10 (100-DMA), 96.89 (Nov 4&7 lows)
Resistance levels - 101, 101.10 (5-DMA), 102.05 (Nov 24 high)
Good to go short on rallies around 100.90/101, SL: 101.60, TP: 100.35/ 100/ 99.90
Note
TP1 hit. Bias lower.Note
All targets hit
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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.