The Dollar: Important Juncture And Important Levels

Alexandros Yfantis • Mar 6, 2017 at 12:06 PM EST

We are at an important juncture and the important levels for the Dollar to watch out for are at 102.30 and 100.70. Don’t forget the possible Head and Shoulders pattern and the implications if we break the neckline at 99.30.

Good day to all and happy week ahead. To summarize we are at an important junction and the important levels to watch out for at 102.30 and 100.70. Don’t forget the possible Head and Shoulders pattern and the implications if we break the neckline at 99.30.

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EURUSD

As I expected from last week when it was trading around 1.0520-1.0530 price has reached 1.06 and is trading above it today.

"#EURUSD I can see 1.06 being challenged before any downward move below 1.0450…" — trading2day https://t.co/ddhDtNGOMM
— Alexandros Yfantis (@alexanderYf) March 2, 2017

GBPUSD

At important Fibo support

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AUDUSD

Stopped the decline just above the 38% Fibo level. Bulls need to break above 0.7640 in order to change short-term trend to bullish again.

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