U.S. Dollar Index

Short

DXY Bulls giving a fight in a conter-trend move.

By pranaychhibber

Updated

DXY is consolidating in a flag pattern. Although what generally follows is breakout on the upside but unless it gives a closing above 93.50 on the daily timeframe ,it is Short dollar for me. The daily RSI IS getting weaker, so lets see how this unfolds.

Note

The breakdown has accelerated post the FED event. Add more shorts if it breaks 92.

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