The US Dollar has breached upper levels in a strong rally that has bled through to the commodities. We have breached 93.83, which was our confirmation of a bull trend: being able to break the range established since the dollar’s descent in May. It has just barely broken out from this range currently sitting at 93.83 exactly. It looks like it is due for a retracement. The 61.8% or 50% Fibonacci levels seem reasonable. If not, we will know really quickly because there is a vacuum zone above to 94.19

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©2020 Ghost Squawk

Log in with your credentials

or    

Forgot your details?

Create Account