The 4 hour chart of dollar index has formed a bullish trend line.
Based on the price action,we expect the broken trend line to act as strong resistance.
Also the point 95.53 is acting as a strong resistance. Hence we expect the price action to be bearish and find support at trend line.
Based on the price action,we expect the broken trend line to act as strong resistance.
Also the point 95.53 is acting as a strong resistance. Hence we expect the price action to be bearish and find support at trend line.
Trade closed: target reached