Hello Traders, welcome to the Weekly Forex technical analysis
. Today is August 11th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week of August 11th. Looking at the Dollar Index
here on the weekly time frame, the DXY
losing the 97.6 resistance area
and taking a serious leg down. Our next level of support is going to be the 96.1 area, if that fails to hold, next we would look at the 95.6 region for our next area of support. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!