As I expected in my previous analysis for US dollar index, we saw a significant drop in the last week.
As you see in the Daily chart, price is still bouncing in the expanded triangle pattern and it is at the lower edge of it.
There is a strong support zone between 91.940 - 91.800 which are the Weekly and Monthly Lows and price has been pushed to the upside after approaching to this zone.
Moreover, the Friday’s candle has been closed in the form of a bullish reversal hammer.
If today’s candle can be closed above the high of Friday’s candle, we can expect a rise to 92.800 (Weekly High).
As you see in the Daily chart, price is still bouncing in the expanded triangle pattern and it is at the lower edge of it.
There is a strong support zone between 91.940 - 91.800 which are the Weekly and Monthly Lows and price has been pushed to the upside after approaching to this zone.
Moreover, the Friday’s candle has been closed in the form of a bullish reversal hammer.
If today’s candle can be closed above the high of Friday’s candle, we can expect a rise to 92.800 (Weekly High).
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