Last week we had news that dropped the dollar all the way past last month's low and the triple top neckline. usually when price breaks any type of market structure more times than not price will go back to retest the area where it broke. I am looking for price to push back up at lease to the monthly low or back to the neckline.
When price gets to these areas, I will be looking for some serious manipulation before the dollar drop again. The reason why I think the dollar may continue to drop is because when I looked at the monthly time frame October developed a doji. Thats letting me know the buyers maybe done for the rest of the year.
When price gets to these areas, I will be looking for some serious manipulation before the dollar drop again. The reason why I think the dollar may continue to drop is because when I looked at the monthly time frame October developed a doji. Thats letting me know the buyers maybe done for the rest of the year.