Yesterday after the FOMC meeting, we saw some good bullish price action come out of the US dollar. After breaking out of the downtrend, we see a retest of broken level, showing we may see more upside coming ahead of us. Rate hike expected by the end of the year, & by the way things are looking the dollars long term lows are now being rejected @91.00 support. Will be watching more price action coming the weeks ahead!
Kommentar:
hammer candle on the last 4 hour close to support / trend line. Price is currently above 38.2 fib level should rebound shortly..
Kommentar:
made a farther pullback to 50 fibonacci level, then rebounded back to the upside