Would the dollar fall short from that support area?
Looking at the dollar from a technical view we are currently in & uptrend, we can see price is currently holding @ a major support area around $(109.69) area
if we see our H4 bar close below that support area we can potentially see price move back short into our 200 EMA.
if we keep hold of our support area we may potentially continue to go bullish however we can see sellers are strong in the market also we had some negative fundamentals against the dollar wish is why we saw that short move. at this point we need to have some patience with the DXY and lets see whats the next move for price.
Looking at the dollar from a technical view we are currently in & uptrend, we can see price is currently holding @ a major support area around $(109.69) area
if we see our H4 bar close below that support area we can potentially see price move back short into our 200 EMA.
if we keep hold of our support area we may potentially continue to go bullish however we can see sellers are strong in the market also we had some negative fundamentals against the dollar wish is why we saw that short move. at this point we need to have some patience with the DXY and lets see whats the next move for price.