DXY Short Idea
DXY remains very bearish on higher timeframes but we have been seeing deep fib retracements in this area.
If price action confirms this daily lower high we would be seeing large bearish movement
If price action is to turn bullish we still want to see a break and retest of resistance at 97.75
Trade the trend! Until we see that transition happen we will continue to look for bearish setups on the daily and 4hour timeframes.
Potential for DXY to drop to 96.00 if this daily bearish trend is confirmed