Good day to all and happy week ahead…..continuing from last week where we left things with Dollar bouncing early on Friday, we saw the much awaited pull back late on Friday and early Monday today where I prefer to be bullish the Dollar as I see this pull back as a buying opportunity. As I explain in today’s Dollar index analysis through my partnership with InstaForex, last week’s lows could be wave 4 complete and we could be at the start of wave 5 up. However there is also a bearish scenario in play where we could see a bounce towards 101.50 to form a right hand shoulder with the neckline of the pattern at 99.80.
My two scenarios and patterns below.
Follow this post as I will be posting individual pairs later in the comments section.
Have a nice day and thank you for taking the time to catch up on my thinking.