DXYThe liquidity pooling phase takes place in the dollar to re-correct and target the area of 105. It threatens the dollar and puts it in danger to target the levels of 103-100 targets. The penetration of the daily trend aims to start to fill the gap that took place in the dollar and to reach the weekly trend and break through it leads to the decline of the dollar strongly.The second scenario that could happen, and I rule it out, is not correcting in the 105 area, and starting to penetrate the 108 zone, which follows it to target the 110 zones.
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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.