DXY losing steam?
Updated
We had DXY breakdown from previous >110 levels, as a result of reports coming out about US economy. Do not forget it depends on the Fed policy in the upcoming months, but my opinion is DXY is losing the strength on medium to long term.
DXY is at the last mid term support and we can soon expect a breakdown even lower. 105 level first.
On the breakdown from the yellow trendline support, we are targeting blue box, then red trendline as a final support.
Targets: 105, 102
*Orange box as S/R from 2001, in case of flip we are likely to see much higher levels. For now its not been a successful flip.
DXY is at the last mid term support and we can soon expect a breakdown even lower. 105 level first.
On the breakdown from the yellow trendline support, we are targeting blue box, then red trendline as a final support.
Targets: 105, 102
*Orange box as S/R from 2001, in case of flip we are likely to see much higher levels. For now its not been a successful flip.
Comment
Trendline broken now on HTF.Trade closed: target reached
Lost the steam.Disclaimer
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