U.S. Dollar IndexShort
DXY - Dollar Update
DXY With what am seeing on the chart, there is a 60% possibility that DXY will take out this 4 hour time swing low, which is also the recent low on daily.
This automatically means currencies paired against the dollar like EURUSD, GBPUSD, AUDUSD etc, will be bullish for today.
However, DXY is still bullish, the drop is just a retracement to take out sell stops liquidity.
How dollar react after taking out the low will determine what our next bias will be.
Related publications
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.