Weekly Outlook to possible Bearish return below 1670.00
*The chart is showing strong possibility of Bearish outcome below 1670.00
*Chart may also make a return to the 200 EMA on Weekly below 1670.00
*Possible falls break out above 1800.00 or retest.
The possibilities of this chart going above 1800.00 is based on Fundamental news on the dollar, even if this possibillity happens it will leave a technically heavy chart exposed to Shorting possibilities.
The technical side of the chart shows more indications of bearish outcome in the upcoming weeks.
*Chart may also make a return to the 200 EMA on Weekly below 1670.00
*Possible falls break out above 1800.00 or retest.
The possibilities of this chart going above 1800.00 is based on Fundamental news on the dollar, even if this possibillity happens it will leave a technically heavy chart exposed to Shorting possibilities.
The technical side of the chart shows more indications of bearish outcome in the upcoming weeks.