PHundal

DXY bearish reversal theory

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PHundal 已更新   
TVC:DXY   美元指数
The DXY is currently sitting in a key daily order block zone, and starting to show some interesting signs.

While we still dont' have confirmation of a reversal, we are starting to put in some lower lows - what will be interesting is if we can break down and take out the last pivot low that put in the pivot high. ~ 102.77

A market structure break here to the downside would bode well for on risk assets. Especially into the FOMC meeting minutes release in the coming days.

Interesting!
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Nice little fake move to the upside here, love to see that. Still waiting for confirmation which would be a close under ~102.77.

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