DXY, DOLLAR AT THE CROSSROAD
FRIENDS..
the result of the United States election is a very positive sentiment for Dollars thats why we seen a strong dollars the last few days..
but there are some information about fed rate cut next month and usually market will react before the actual happening..
these are 2 dxy important level :
107 ( 3 times resist at 2023)
105 ( major trend line break out and still not yet pullback )
my opinion there will be some retest until 105 if break then we will see 100.. if rebound from 105 the price will try to break resistance at 107 and if dxy can break it we shall see dxy return to 110-113
FRIENDS.. ALWAYS DYOR before opening position
the result of the United States election is a very positive sentiment for Dollars thats why we seen a strong dollars the last few days..
but there are some information about fed rate cut next month and usually market will react before the actual happening..
these are 2 dxy important level :
107 ( 3 times resist at 2023)
105 ( major trend line break out and still not yet pullback )
my opinion there will be some retest until 105 if break then we will see 100.. if rebound from 105 the price will try to break resistance at 107 and if dxy can break it we shall see dxy return to 110-113
FRIENDS.. ALWAYS DYOR before opening position
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