Despite the strong data out of the US on Tuesday the DXY remained relatively flat. However, there still is a decent bid below.
Support at 93.75 continues to attract buying interest and as the week rolls on it looks a good entry point for a long position.
The DXY has the potential to rally back to the most recent highs and there is a good risk/reward on offer.
Support at 93.75 continues to attract buying interest and as the week rolls on it looks a good entry point for a long position.
The DXY has the potential to rally back to the most recent highs and there is a good risk/reward on offer.
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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.