U.S. Dollar IndexShort
DXY (UPDATED) : PAY ATTENTION TO RESISTANCE NEAR 97
There is the AB=CD pattern in an uptrend channel, there is also the FIBO 1.272 and the price tried to break this FIBO level 2 times but fails. So, if this level is broken (and also the 97.07 where the CD ends), then DXY will turn bullish.
If not, i still prefer selling high. Anyway, lets see the price action at this potential reversal zone.
If not, i still prefer selling high. Anyway, lets see the price action at this potential reversal zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.