US Dollars Hitting 81.80 what’s next!?

US Dollars Hitting 81.80 what’s next!?

DX 09 14 1440 Min 11 08 2014 300x157 US Dollars Hitting 81.80 whats next!?day trading glossary

dollars us

US Dollars Hitting 81.80 what’s next!?

Dollars US looking for resistance, in exact area I was expect. This is also,my reversal point. But…look on how thing are going now, buyers having lot’s of momentum, and we could see US Dollars jump to 82.00, before any retracement.

It will or not happen, doesn’t really matter, since it will retrace soon, and then go back to 81.700 or 82.00 area. depending if we hit or not 82.00 points.

 

dx resistnace 300x157 US Dollars Hitting 81.80 whats next!?day trading glossary

trading us dollars

On his 4hours chart, we can see how thing go for buyers and sellers.

At first, we was in Bullish trend that bring the US dollars to 81.600 points.

Then, we start to see some resistance, and buyers fail to go to news highs by creating triple tops area.

Now, Sellers break the bullish trend, But there’s no confirmation for Bearish trend move so far.

What’s Next? Well…watch for 50% retrancement, to my red area….if there’s no retracement, that was a head fake, and we are going to 82.00 area.

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