Bearish DXY Intraday
The DXY is showing signs of potential downside pressure on the intraday charts, with recent economic data dampening bullish momentum. The index appears to be overextended after a strong run-up, and a pullback could occur as the market reassesses the U.S. dollar’s strength. I’m looking for a move down to retest support levels below, anticipating continued selling pressure as the index corrects intraday.
Trade closed: target reached
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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.