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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