U.S. Dollar IndexShort
DXY approaching resistance during options expiration / FOMC week
After having strong dead cat bounce last 4 weeks, US dollar index is finally coming into some strong resistance around 102.87-103.43.
Technical resistance:
- 200MA ; trendline
- 23.6% Fib retracement
- 100% Fib extension
Possible economic news:
- market participants will be looking to sell USD if FOMC minutes are more dovish than expected
Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
Technical resistance:
- 200MA ; trendline
- 23.6% Fib retracement
- 100% Fib extension
Possible economic news:
- market participants will be looking to sell USD if FOMC minutes are more dovish than expected
Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
Disclaimer
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