MatrixPip

DXY: Will it Continue to go down?

Short
TVC:DXY   U.S. Dollar Index
Price is currently at the 4h Demand Zone. If the zone is strong enough, I would like to see price pulls back to the Supply Zone and then come back to break the demand zone at 90.60. If this plays out, I would expect dollar to continue to weaken.

I will look for the opposite move for EURUSD and GBPUSD.

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.