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kjmb1
29. Jun. 2017 11:38

The Dipping Dollar Short

Dow Jones FXCM Dollar IndexFXCM

Beschreibung

USDOLLAR is currently in a falling wedge due to the weakening of the currency index since the start of the year. As we approach minor supports, we're broken under a relatively strong supply area and also the daily 200 EMA. A weak breakout of the falling wedge could push the price further down and create a head and shoulders on a diagonal neckline (which historically has a tendency to break down more aggressively) - moving the price down to a support that hasn't been successful breached since it was created in early 2015.

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Broken major support

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