DXY Finding Respite Ahead of 90.00; EUR, GBP and AUD off Best Levels

February has witnessed a healthy floor of bids emerge around the 1.1950 neighbourhood, consequently provoking a hammer formation (though we will not know this until the month concludes). To the downside, 1.1857/1.1352 represents demand, while northbound shines the technical spotlight on ascending resistance (prior support – 1.1641). In terms of trend, the primary uptrend has been in play since price broke the 1.1714 high (Aug 2015) in July 2017. Daily timeframe: Largely unchanged from previous analysis – The combination of demand at 1.1923/1.2001 and support at 1.1965 (previous Quasimodo resistance), has so far … (full story)

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