DXY DOWN A SPIRAL TO 98.50-93.75!!!

Last time DXY WAS AT 103.45 then had a roller-coaster ride and currently at 102.20

See my last post, DXY potentially should find support zone between 98.50-93.75.

What’s changed now nothing still on track, but there is a slight speed bump between 102.50- 101.50, (100.00) price could consolidate here before continuation lower or a counter trend rally could occur soon.

This is a 50% price retrace zone from 88.30-114.77.

Should Price break below 101.50-100.00 then expect 98.50-93.75 support zone as the next target but also be cautious as a counter-trend rally could being from either of these price zones
mentioned below

102.50-101.50(100.00) break below then 98.50-96.45 break below then expect 95.65-93.75

On a counter trend rally 1st resistance = 105.60-106.50 and a break above this zone then 108.00-110.00 is probable too.

Have great trading week

This is my view and not trading advice
Beyond Technical AnalysisTrend AnalysisWave Analysis

Related publications

Disclaimer