DXY Bearish Setup – Weekly High on Monday
This week, we anticipate DXY to set its high on Monday, followed by a sell-off. Short from 108.137, targeting 106.912 and 105.697, with a stop above 108.836. With CPI & PPI releases ahead, volatility is expected, but the bias remains bearish. A break below key support could accelerate downside momentum.
Use proper risk management.
Best of luck to you all.
This week, we anticipate DXY to set its high on Monday, followed by a sell-off. Short from 108.137, targeting 106.912 and 105.697, with a stop above 108.836. With CPI & PPI releases ahead, volatility is expected, but the bias remains bearish. A break below key support could accelerate downside momentum.
Use proper risk management.
Best of luck to you all.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.