DXY Short Idea
The overall trend on higher time-frames is very bullish however, the recent daily trend has been bearish.
We also have been experiencing negative news surrounding the USD which supports further bearish movement
On the chart we’re looking for a retest of broken support followed by strong bearish setups to then target lower.
We are looking to target our daily support level around 96.00 followed by a second target around our monthly support at 95.00
The overall trend on higher time-frames is very bullish however, the recent daily trend has been bearish.
We also have been experiencing negative news surrounding the USD which supports further bearish movement
On the chart we’re looking for a retest of broken support followed by strong bearish setups to then target lower.
We are looking to target our daily support level around 96.00 followed by a second target around our monthly support at 95.00