DXY Analysis - Is there light at the end of the tunnel?
DXY tested support around 100.5 and is currently around 100.8, well below 4HR 50MA. Reclaiming 4HR 50MA, a reversal pattern in the support zone from 100 or 1W 200MA could signal a reversal and/or recovery. Closing below 1W 200MA could signal further weakness. Jobless Claims at 14:30 and PMI at 15:45.
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