DXY before open - be careful here
DXY Dolar index
Low at 97.28 just 2 pips under the trigger - looks very bearish but concerned about getting sucked in before the open....need to be careful here as a chance of quick rally towards the upper parallel before coming off again. Whilst trapped under that parallel the Dollar will remain under pressure and will turn full-on bearish on a break below 97.30-97.28 after the open. Apologies. This should have been made clearer first time, not now. But for newer traders be wary of pre-market moves - we need to see volume for confirmation!
Low at 97.28 just 2 pips under the trigger - looks very bearish but concerned about getting sucked in before the open....need to be careful here as a chance of quick rally towards the upper parallel before coming off again. Whilst trapped under that parallel the Dollar will remain under pressure and will turn full-on bearish on a break below 97.30-97.28 after the open. Apologies. This should have been made clearer first time, not now. But for newer traders be wary of pre-market moves - we need to see volume for confirmation!
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