DXY H1 - Short before long

10月9日

DXY H1

Very good morning all, here is our update on the dollar index, last week we saw bulls storm the markets following various different data points. The bull run has sustained and Mondays trading session saw indecisive price movement in the form of consolidation. We are looking like we want to break to the downside.

Slowly, but hopefully surely we start to see price pull down towards our anticipated buy zone of around 101.850 price, this is where we would find support amongst a few timeframes, aligning with our confluence zone. Same bias as yesterday, until we see a break of this area of consolidation.