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.
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.