ForexLeague

DXY 4hour Analysis 5/3/20

TVC:DXY   Valutaindex för U.S. dollar
DXY Neutral Idea

DXY played out exactly as we expected last week as it bounced from the 101.00 area and formed a bearish leg down to the 98.50 area.

We are almost at our key support around 98.50 where we should be cautious as we could easily see a bounce from this level.

Ideally we want to continue to see DXY range between 101.00 and 98.50

If we see a bounce from 98.50 look for strong bullish setups confirming a push higher.

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