Hello Traders,
We saw last week how the dollar index rallied heading toward a monthly supply zone (red box). However, we have a weekly supply zone (yellow box) just below the monthly supply zone.
I expect the dollar to run into the weekly zone but before that, it should take more orders from the daily demand zone (grey box) before the bullish expansion.
Let me know your view on the dollar in the comments.
I will be publishing more analyses so follow me not to miss out, especially if you are struggling to read price action.
Have a profitable week.
Cheers,
David
We saw last week how the dollar index rallied heading toward a monthly supply zone (red box). However, we have a weekly supply zone (yellow box) just below the monthly supply zone.
I expect the dollar to run into the weekly zone but before that, it should take more orders from the daily demand zone (grey box) before the bullish expansion.
Let me know your view on the dollar in the comments.
I will be publishing more analyses so follow me not to miss out, especially if you are struggling to read price action.
Have a profitable week.
Cheers,
David
