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jsaettele

DXY Parallel Resistance

Short
U.S. Dollar Index (TVC:DXY)  
jsaettele  
TVC:DXY   U.S. Dollar Index
Trend Analysis DXY EURUSD
5
0
trendanalysis dxy eurusd
DXY is reacting to the same parallel that nailed the May high. These parallels are based on the trendline from the May 2021 low. Notice how the top side of channel resistance was support at the end of May. Confidence in these parallels as pivots is high. I am looking lower.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
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