The Dollar index is hanging on by a thread. Price has broken below a key upward sloping trend line support. Dollar Bulls seem to be in trouble and looking 2017 Support level.
Failure to hold 89.90 weekly bases it could result in a sharp decline towards 89.60 and maybe lower 88.90 Major Support level. Bulls on the other hand need to recapture the 92.50 level in order to hope for another move higher towards 100. We remain bearish as long as the price closed above 93.40$
🛑SUPPORT/RESISTANCE
✅S1= 89.90
✅S2=88.65
✴️R1=91.60
✴️R2=92.56
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Failure to hold 89.90 weekly bases it could result in a sharp decline towards 89.60 and maybe lower 88.90 Major Support level. Bulls on the other hand need to recapture the 92.50 level in order to hope for another move higher towards 100. We remain bearish as long as the price closed above 93.40$
🛑SUPPORT/RESISTANCE
✅S1= 89.90
✅S2=88.65
✴️R1=91.60
✴️R2=92.56
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.