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ranging or going up?

I use DXY only for analysing other pairs. Yesterday's impulsive rise did not break 91.905 which is high of the ranging zone, so I suspect the consolidation will continue (may be up to Thursday). It can go down if falls below 91.663 again and breach 91.500 which I doubt seriously consider the recent two failures of attacking the 91.530 area. So that leaves me to only believe dollar will go stronger in the week ahead. It's also tough for it to break 91.905 though, but if it does break, I'll have to welcome it at 92.143 and say sorry to pound and euro (I was bullish on Euro and GBP, now have to follow the trend although still believe the glory will be back in the coming weeks)

Note: In the range, higher lows and lower highs have been created although not convincing, that to me is another confirmation of dollar going up, but we never know what happens till the moment when it happens :D :D

mleader1

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dollar needs correction before going higher

mleader1 tarafından

Feragatname

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