Dollar Index possible level of reversal
Last week, we mentioned that the Dollar Index has formed a descending triangle and the direction of the breakout would give us the indication of the next move.
Price broke out towards the downside and the next major support would be at the 105.00 orange region as indicated on the chart. This region can be seen as a major supportive level as it is:
1. Horizontal support
2. Measured Move of the Descending Triangle
3. Possible 200 SMA support if price continues within the downside
Price broke out towards the downside and the next major support would be at the 105.00 orange region as indicated on the chart. This region can be seen as a major supportive level as it is:
1. Horizontal support
2. Measured Move of the Descending Triangle
3. Possible 200 SMA support if price continues within the downside
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.