Mahtab_Tradia

DXY: Drops After Breakout

Short
TVC:DXY   U.S. Dollar Index
As you see in the 4H chart, there was a downtrend and price started to retrace and rise after dropping.

Currently, price is moving between SR levels, and has been rejected from the red resistance zone.

There is a yellow support level around 95.680, and since we had a strong downtrend and price is facing bearish pressure:
if price breaks this level and closes a bearish candle below this level, I expect a drop on DXY to 95.170

Otherwise, if price breaks the red resistance level around 96.00, the bearish scenario will be canceled.

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