THE DOLLAR INDEX MIGHT SEE A CORRECTION OR EVEN A REVERSAL
the dollar index might see a sell-off for quite a few while the reasons for it is
REASONS
1. on a 1week time frame we are seeing a strong resistance.
2. on the 1day time frame we are seeing double top on the resistance.
3. and on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern.
4. if the US market stays positive today we could see and in verse affect the dollar index.
so, my suggestion is to stay against the dollar and you could eventually capture a big move
REASONS
1. on a 1week time frame we are seeing a strong resistance.
2. on the 1day time frame we are seeing double top on the resistance.
3. and on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern.
4. if the US market stays positive today we could see and in verse affect the dollar index.
so, my suggestion is to stay against the dollar and you could eventually capture a big move