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tradingwithyg
May 12, 2018 8:22 PM

DXY - Daily Chart Analysis Long

U.S. Dollar Currency IndexTVC

Description

Price has finally begun to slow after a parabolic run up that lasted close to a month. It has broken through bearish trend resistance and is now testing daily support. It would be great if price could stabilize around this level and test the 29 EMA before making a push to the upside. If price cannot hold the 92.5 level, the next level of support is found near 91.5. The 130 EMA is also around that level. If price cannot hold that level, it will continue to move in a bearish manner.
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