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developeralgo222

DXY -- 95.74 --Area of Resistance --Case for SHORT

Short
U.S. Dollar Index (TVC:DXY)  
developeralgo222 Updated   
TVC:DXY   U.S. Dollar Index
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The area around 95.74 has been an area of resistance for a while . This DXY seems strong enough with great economic news for US Economy, it should break it this time ? if it fails again then we go SHORT

STRICT WARNING: If and only if DXY fails to break 95.74 then we go short from here otherwise we remain LONG
Comment:
We have broken the 95.74 and extending towards 95.80 Area. Can we close above 95.74 and maintain it above that ?

Looking at the RSI & CCI on 3-Hours & 4-Hours Charts for DXY , it looks that they are OverBought , so chances of a slight pullback on DXY before we can resume the upward trend might be in the works for now
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