So after last weeks slump in the Dollar, we finished off below a monthly zone that I have down as a key level.
Overall, the weekly is still slightly bullish and even cautious. I would start to change sentiment if we drop and close below the 95.000 region.
I envisage a small recovery to the 95.900 zone market on the chart where I will monitor for strength. I imagine the early part of the week being somewhat of a shakeout of traders who are LONG on EUR and GBP as a result of the momentary Dollar weakness.
Trade Safe
V
Overall, the weekly is still slightly bullish and even cautious. I would start to change sentiment if we drop and close below the 95.000 region.
I envisage a small recovery to the 95.900 zone market on the chart where I will monitor for strength. I imagine the early part of the week being somewhat of a shakeout of traders who are LONG on EUR and GBP as a result of the momentary Dollar weakness.
Trade Safe
V