DXY Indecisive Ahead of FOMC

March, as you can see, remains toying with the upper side of 1.1857/1.1352 demand, with the month lower by 1.4 percent. Price action traders will have noted the demand test, likely viewing this as a bullish signal. A decisive rebound from the aforesaid demand shifts attention back to the possibility of fresh 2021 peaks and a test of 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: Europe’s single currency, as you can see, continued to navigate deeper water against the US dollar on … (full story)

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