U.S. Dollar IndexShort
DXY Analysis: Gap Down, Fill, & Bearish Continuation
The DXY is setting up for a potential gap down which could lead to a quick fill into nearby resistance.
The index's recent price action reflects mounting downside pressure, and a rejection at resistance would likely confirm the bearish trend. Traders should watch for a reversal signal at the resistance level to enter short positions, with targets aimed at breaking recent lows
The index's recent price action reflects mounting downside pressure, and a rejection at resistance would likely confirm the bearish trend. Traders should watch for a reversal signal at the resistance level to enter short positions, with targets aimed at breaking recent lows
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