It was a 20 pip move which could have provided a couple scalping opportunities depending on how managed.

It was a 20 pip move which could have provided a couple scalping opportunities depending on how managed.


The Dollar Index has been weak for a couple days, but there is a possibility of a bounce as a head and shoulders type formation could be carved out.
Note the dollar index broke out out of longer term resistance

If this pair doesn’t keep shooting straight up, I think there is 30 to 100 pips of downside potential even if it moves up afterwards. About 100 pips lower than the current price is a middle band (20 period Moving Average) on the weekly chart
What do you think?
