The Dollar Index declined this week after hitting its 200 days MA.
Following NFP, the Dollar spiked down to test the Fast MA line and a broken downtrend line - Two elements that should have acted as support - and they did.
A breakout above 96$ will lead for extended rally towards 98$ and maybe even 100$ to complete a bearish Bat.
A breakdown below 95$ will lead to a re-test of the bottom of the trading range - 94$.
For now we are stuck between 95 and 96
Following NFP, the Dollar spiked down to test the Fast MA line and a broken downtrend line - Two elements that should have acted as support - and they did.
A breakout above 96$ will lead for extended rally towards 98$ and maybe even 100$ to complete a bearish Bat.
A breakdown below 95$ will lead to a re-test of the bottom of the trading range - 94$.
For now we are stuck between 95 and 96
