JjohnsonBeGreat

US Dollar Sell Off Wave Analysis

Short
TVC:DXY   U.S. Dollar Index
I am expecting a nice sell off in the US Dollar. We are in a Bearish Impulsive wave and I would like to see us break the support of 97.13 that is near to us now, if we get a break and close below we could see a run away train to retest the lows from earlier this year July 25 95.84. With NFP news coming out in a little over a hour, economist is predicting a negative impact on the US Dollar which would align with my technicals but I would not be surprised if price go retest resistance at 97.57 before the Huge sell of begin. Happy Trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.