The
DXY has found some support following a recent dramatic fall. This seems more like a retracement in a primary downtrend rather than a reversal and I wouldn't go long at this point unless:
1. it breaks through the major resistance line and stays above it AND
2. breaks through and stays above the supply zone
1. it breaks through the major resistance line and stays above it AND
2. breaks through and stays above the supply 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.