U.S. Dollar IndexShort
Dxy at highest level since 2003
Updated
Dxy has touched the 103/105 resistance and it seems there's a small rejection at the moment on smaller time frames. Big weeks ahead as the fundamentals will set the next course of action.
Despite that my bias is bearish at the moment as the uptrend was quite strong on the back of the Russian invasion.
I will look for a good break of the 103.00 level before placing any trades.
Despite that my bias is bearish at the moment as the uptrend was quite strong on the back of the Russian invasion.
I will look for a good break of the 103.00 level before placing any trades.
Note
DailyNote
Rejection on 4hsNote
2hrs and break of ascending trendline Trade closed: target reached
The price has respected the technicals and was fuelled by Powell's speech. A good example of technical and fundamental analysis 🙏🏾
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