Hello everyone! i want share my idea about DXY US DOLLAR Index.
After big downtrend many weeks ago we see dollar pretty bullish trend which was positive, but this last week we saw many LOW HIGH which means some bearish trend.
Here what we are looking for get trend confirmation, for that we have 2 way, for bullish trend dollar need to brake 103.840 LVL and go up and for bearish trend it need brake test 103.840 LVL fall down and then we have 2 support 103.250-103.070, after brake that levels we can open short position on swing high.
We have in this week lot of news, which i think show us dollar trend, in the end in my opinion dollar still bearish, on 1W chart we have big fall of dollar which is trending down. This is all what i can say about dollar we need only some breakouts of support for see which way it trending.