U.S. Dollar IndexShort
Bearish DXY?
I am seeing some bearish pressure on the DXY.
Originally price found support at the monthly/weekly demand/support level.
Price was making a higher highs and higher lows.
Price then met resistance at the daily supply/resistance level and began it's bearish move to the downside.
I can potentially see price trying to make one last push to the upside. I think this last bullish attempt will create a lower high, which can confirm the bearish momentum.
I can see price continuing downward and testing the 61.8 fib level.
Originally price found support at the monthly/weekly demand/support level.
Price was making a higher highs and higher lows.
Price then met resistance at the daily supply/resistance level and began it's bearish move to the downside.
I can potentially see price trying to make one last push to the upside. I think this last bullish attempt will create a lower high, which can confirm the bearish momentum.
I can see price continuing downward and testing the 61.8 fib level.
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