DXY D1 - Short Setup
DXY D1
The dollar index has drifted lower, aligning with the latest developments and insights pertaining to the battle against inflation and central bank interest rates. We witnessed a significant downward move, sliding from 104.000 to 102.000, amounting to a substantial 200-point drop. Subsequently, we are observing a modest rebound, mirroring the overarching global trends highlighted earlier.
A potential adjustment back to the 103.000 level would be a logical move for us. This would constitute a robust 50% correction, harmonising seamlessly with our established trading zone for potential short positions.
The dollar index has drifted lower, aligning with the latest developments and insights pertaining to the battle against inflation and central bank interest rates. We witnessed a significant downward move, sliding from 104.000 to 102.000, amounting to a substantial 200-point drop. Subsequently, we are observing a modest rebound, mirroring the overarching global trends highlighted earlier.
A potential adjustment back to the 103.000 level would be a logical move for us. This would constitute a robust 50% correction, harmonising seamlessly with our established trading zone for potential short positions.
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