Greenback slipped back into the falling wedge after trying hard to undermine the wedge.
Finally, after tight price battle around the border of downtrend channel , USD got the fuel to stay above psychology level and close the week at 100.7 to stop ( temporary ? or ?) the bear attack.
However, it doesn't mean there is a free highway for the greenback. As long as 99.23 could handle, USD has a momentum to visit old supply zone around 102-103, a range where scale out and set position at BEP ( once 102 touched ) seems a fit trading strategy for buyer. Meanwhile, pending sell at the top or scale in after the supply range confirmed will be an alternative for seller.
Keep in mind BAMM and Dragon for entry and risk management.
Rgds, Iqyu
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