DXY- Dive under 100?
In my previous DXY analysis I said that, although the index reversed from the beginning of the year support, bulls should not get too excited as long as the index is under 102.30 zone.
In the next days, the index resumed its fall and now is trading back towards recent lows.
Today's NFP data could bring clarification and if the index falls below the recent lows, 99.50 is exposed.
For a bullish scenario, we need a reversal from this zone which could also be the beginning of a double-bottom pattern.
In the next days, the index resumed its fall and now is trading back towards recent lows.
Today's NFP data could bring clarification and if the index falls below the recent lows, 99.50 is exposed.
For a bullish scenario, we need a reversal from this zone which could also be the beginning of a double-bottom pattern.
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