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Dollar Index Holds Firm Around 105 Points The dollar index continues to consolidate around 105 points, reaching levels not seen since mid-March of this year. Meanwhile, EURUSD briefly dipped below the 1.07 level, but the lack of significant news failed to capture buyers’ interest. GBPUSD, on the other hand, remains range-bound between 1.2450 and 1.25 […]
TitleGBPUSD H4 I Potential Bearish Reversal? TypeBearish Reversal Preference: Price is rising toward our pivot point of 1.25276, which serves as a pullback resistance level that aligns with the 61.8% Fibo retracement. A reversal from this point could lead the price to drop to the 1st support at 1.24478, a swing-low support level.. Alternative scenario:However, […]
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