Todays outlook on the USD Index

H4 chart

Price found the days low above market low. This displays less BEARISHNESS in the market. Price looks like its lining up a double bottoms. We are still analyzing price next medium term market move as short term moves form price patterns. If the double bottoms neckline is broken we can assume a test back a support to trigger more BULLS and that may be the next medium term move.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.