Dollar is currently in a bear cycle and forming its wave C in the daily chart.
It is crossing its 200-SMA insinuating further weakness ahead.
The next support for dollar is at 93.85 where it could make a pit stop.
Traders can initiate shorts to captivate the bearish momentum.
It is crossing its 200-SMA insinuating further weakness ahead.
The next support for dollar is at 93.85 where it could make a pit stop.
Traders can initiate shorts to captivate the bearish momentum.