Good day to all and happy week ahead. In this link you can find my daily analysis on the Dollar index through my partnership with InstaForex. To summarize we are at an important junction and the important levels to watch out for at 102.30 and 100.70. Don’t forget the possible Head and Shoulders pattern and the implications if we break the neckline at 99.30.
As I expected from last week when it was trading around 1.0520-1.0530 price has reached 1.06 and is trading above it today.
— Alexandros Yfantis (@alexanderYf) March 2, 2017
At important Fibo support
Stopped the decline just above the 38% Fibo level. Bulls need to break above 0.7640 in order to change short-term trend to bullish again.
More analysis regarding major FX pairs through the comments section during the day. Thank you for taking the time to catch up on my thinking.