Dxytradingsetup
US DOLLAR Facing Resistance on Monthly - One Last Sell Reaction DXY currently facing strong resistance on Monthly time-frame. We can expect further downfall on the currency, prior continuing it's bullish trend to 105 - 107 area. I am also short USD/JPY and long EUR/USD as it is presented with perfect timing to enter in a longer term trades.
DXY approaching support, potential for a bounce!
DXY is expected to drop to 1st support at 97.87 where it could potentially react off and up to 1st resistance at 97.20.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY approaching support, potential for a bounce!
DXY is expected to drop to 1st support at 97.63 where it could potentially react off and up to 1st resistance at 98.40.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.