The dollar started a new bearish trend and we are within the 3rd wave on the weekly and monthly chart of that bearish trend.
The main levels to watch are the start of the 3rd wave on the monthly chart around 12 160, previous support now resistance at 11 900, the 2018 low around 11 500 which will likely break to the downside, watch it for break, retest and reject.
The targets for the 3rd wave of the monthly bearish trend are 1.272 FIB extension around 10 770, second 1.618 FIB extension around 10 390!
Quarterly chart: double tops which start the monthly, weekly and daily bearish trend:
Monthly chart:
Weekly chart:
Daily chart:
