DXY (USD Index) 4hour Analysis September 27th, 2020
DXY Neutral Idea
Trend: Bullish
Trade scenario 1: We see bullish momentum continue and price action reaches our monthly resistance level at 95.00 and potentially higher
Trade scenario 2: We see price action reverse with a confirmed transition. Look for a lower high below major support around 94.00 to confirm the lower high. Target lower toward major support.
Trend: Bullish
Trade scenario 1: We see bullish momentum continue and price action reaches our monthly resistance level at 95.00 and potentially higher
Trade scenario 2: We see price action reverse with a confirmed transition. Look for a lower high below major support around 94.00 to confirm the lower high. Target lower toward major support.