DXY Analysis and Trade Idea for 14-Feb-2023
The DXY was in overall bullish run from past week and near to resistance and trend line. while today it opened below the last day closing price and is performing bearish in day trend. Market will test the above resistance and trend line to break it. and there is a chance it will break it today or later in this week. Today we are also expecting CPI will looks like gonna be positive and it will help dxy to break trend line. But if somehow it failed to break trend line and resistance it can go short for a day or tow and come back again to test it.(as you can see on graph)
Long Possibility:
1. If price breaks 103.50 support level it will go Up.
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Short possibility:
1. Price will test 103.19 level before going further short
Long Possibility:
1. If price breaks 103.50 support level it will go Up.
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Short possibility:
1. Price will test 103.19 level before going further short
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