The dollar turned out as expected and broke below the bottom of the rising channel.
The price is most likely to continue falling further and will eventually complete an ABCD pattern within the demand zone around 96.6.
However, it is crucial that the price has to break below 97.2 in the first 2 to 3 trading days or else it may form a strong support for the bulls to come back.
The price is most likely to continue falling further and will eventually complete an ABCD pattern within the demand zone around 96.6.
However, it is crucial that the price has to break below 97.2 in the first 2 to 3 trading days or else it may form a strong support for the bulls to come back.
