We have confluence of Fibonacci extensions here there. Besides that DXY is reaching a point of completion of a pattern. See the attached idea for dollar index.
Comentário
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Price has come to the mini zone as expected (Weekly analysis on YouTube channel)
Hi vikinsa! Thanks in advance for your detailed analysis. From previous week i've opened a long position at 1.097, do you think that the retracement touch the 1.10 level?
vikinsa
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@claudiomeniconi, sorry to hear about the drawdown on your position. It is possible but it may not be straight forward. Checkout my youtube channel (search vikinsa) where I explain why I am expecting little more downside before an upside. Good luck.
claudiomeniconi
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@vikinsa, Thanks vikinsa for your explanation on youtube, by following your analysis i'm waiting for 1.092 level before do any action. I hope the bearish movement will be stopped at the support zone. Thanks for now!