drilonn001

DXY heading for 90.50 resistance area

TVC:DXY   U.S. Dollar Index
Since our last analysis on DXY, it fulfilled our expectations making a nice bull run and heading near critical structure at 90.50. We expect for this week that the price will reach and test this area, and then see what happens. If price manages to break this structure, the upside move may continue up and reach next area at 92.25 which may serve as next resistance. We see a higher probability of a down move if the price struggles at 90.50, so we will be waiting for a test of this area to see how things will unfold. Right now, in the short term we see a bullish move but mid and long term looks like will bring weakness to the USD.

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