DXY:Seize the opportunity to sell short at high pricesThe situation in the Middle East is clearly deteriorating, which undoubtedly has a huge stimulating effect on the global risk aversion sentiment. More funds have started to seek safe havens. However, the best choice at present is not the US dollar. With the continuous rise of the East, more and more capital will favor this side of the East. Therefore, the pressure on the US dollar index is actually increasing, and it will be very difficult for it to rise.
Regarding the trend of the US dollar index today, although the current situation exerts great pressure, the actions to support the market of the US dollar index still take effect from time to time. So the price will not keep falling, and there will still be some oscillatory patterns. However, even if it moves in an oscillatory pattern, the upward pressure on the US dollar index will be significant. Therefore, when the price reaches the effective resistance level, it will be an excellent opportunity to short the US dollar index.
DXY Trading Strategy:
buy@104.500
TP:103.500
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