U.S. Dollar IndexShort
DXY - Index About to Kiss 105 or Lower?
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please like and follow me for future analysis at your service.
How I see it:
Head & shoulder 1D structure. Classic lower right shoulder!
Curled 20SMA could offer resistance and/or limit upward attempts.
Will structure be respected for a fall towards 105 or next key support?
KEYNOTE:
Weekly inverse rejection candle close; we'll see if the wick offers any upward assistance.
I deeply appreciate you taking the time to study my analysis and point of view.
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please like and follow me for future analysis at your service.
How I see it:
Head & shoulder 1D structure. Classic lower right shoulder!
Curled 20SMA could offer resistance and/or limit upward attempts.
Will structure be respected for a fall towards 105 or next key support?
KEYNOTE:
Weekly inverse rejection candle close; we'll see if the wick offers any upward assistance.
I deeply appreciate you taking the time to study my analysis and point of view.
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