After a strong rally for the dollar and now it is resisted by the trendline and potential to see more downside for the dollar in the near term. It looks like an H&S is forming and the potential target for the lower support would be 105.2/105, 104.7/104.5 and below that 104.120 to complete this pattern. Breaking above 106 will invalidate this idea.
Trade geschlossen: Ziel wurde erreicht:
Target achieved at 104.1