Mahtab_Tradia

US Dollar Downside Pressure and Drop

Kort
TVC:DXY   Valutaindex för U.S. dollar
It is very clear on the 4H time frame that the US dollar index is facing bearish pressure and has started a downtrend.

We can see that the bearish candles are very strong and powerful.

Price is in the correction phase right now and is retracing the previous bearish move with weak bullish candles.

I expect a downside move and drop on DXY to the support level at 103.3 and maybe even more to 103.027

What do you think? Please share!

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