DXY: Upside Potential Within a Range
Updated
DXY moved significantly lower from end of Jan into early Feb finding support at 95.20 level in deep discount market. Price is currently at 50% fib level with upside potential toward 96.25, 96.50 and 97.00.
Note
96.50 upside objective reached, timing is on par with projection. Price is continuing to reach toward 97.00 level.Trade closed: target reached
All targets hit. Long trade closed out.
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.