With a bullish fundamental bias,and technical analysis not looking very bullish. Im choosing to stay neutral on USD
Market gapped down close to WM1, the months target. Stoch is oversold. The gap also broke support on the current head and shoulder pattern. Im eyeing a test back at resistance, or maybe a push even further up to 101.00 resistance level.
We had a double bottoms at last Market close, signaling that the week might start with triggering of the pattern. Market gaped below on open, and 99.50 where price found support last week is now resistance. Most probable move currently is the closing of the gap there after will have to see.
Priced gaped down to today's target. Stoch is oversold. Price might move up to close the gap or even move as high as DPP.