The Dollar index is testing a strong resistance zone ahead of #FOMC.
The zone includes structure and 3 SMA lines (all resistance by now)
97$-98$ should be a tough structure to break and perhaps indicates that
DXY is about to continue lower following Yellen's press conference.
If it'll rally higher, near 99$ it'll complete a bearish Gartley pattern (blue)
Tomer, The MarketZone
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The zone includes structure and 3 SMA lines (all resistance by now)
97$-98$ should be a tough structure to break and perhaps indicates that
DXY is about to continue lower following Yellen's press conference. If it'll rally higher, near 99$ it'll complete a bearish Gartley pattern (blue)
Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters -
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
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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.
Related publications
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.