This Daily chart shows how the price has retraced to 0.618, after breaking down the previous uptrend, and has reversed. The two support levels at previous HLs have been broken that confirms the break of structure and reversal in to a down trend that may last several weeks. The weekly chart shows a much clearer picture of an overlapping structure also confirms trend reversal.
As DXY is also showing Bullish signs we expect the price to reach the FVG around 1.002225 as we move into the new year.
As DXY is also showing Bullish signs we expect the price to reach the FVG around 1.002225 as we move into the new year.