Rise of US DollarIf we have a possitive (bullish) daily conformation on monday, we will have a conformation for strong USD move.
USDOLLAR trade ideas
USDOLLAR - Approaching Buy ZoneHello, Friends! Here is a large timeframe overview of USD.
USDollar is approaching past lows, which will be strong support areas.
Orange zone: 2016 & 2017 lows
Expect a retrace from this area.
Price will bounce from this area but the retrace may be short as USA is heading towards their election. Uncertainty = USDollar devalued
Price can possibly retest 2018 lows as well, so keep an eye on that.
Good luck trading!
Let me know how I can help.
Charles V
www.cvfxmanagement.com
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