The area around 95.74 has been an area of resistance for a while . This DXY seems strong enough with great economic news for US Economy, it should break it this time ? if it fails again then we go SHORT
STRICT WARNING: If and only if DXY fails to break 95.74 then we go short from here otherwise we remain LONG
STRICT WARNING: If and only if DXY fails to break 95.74 then we go short from here otherwise we remain LONG
Looking at the RSI & CCI on 3-Hours & 4-Hours Charts for DXY , it looks that they are OverBought , so chances of a slight pullback on DXY before we can resume the upward trend might be in the works for now