U.S. Dollar IndexShort
DXY Weakness
Updated
97 level previous support has already been broken
now being tested, but cant close firmly above
there is also the weekly uptrend bottom channel line (purple) - confluence restance.
expect dollar weakness - ie EURUSD up, USDJPY down
lower timeframe analysis shows trendline (green) broken
now being tested, but cant close firmly above
there is also the weekly uptrend bottom channel line (purple) - confluence restance.
expect dollar weakness - ie EURUSD up, USDJPY down
lower timeframe analysis shows trendline (green) broken
Note
this looks like it could have been a false breakout to the downside as DXY is moving back into its weekly channel
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