AlgoVenture

Dollar Continues with Lower High/Low

Short
TVC:DXY   U.S. Dollar Index
The dollar has ended last week with another weekly lower high and lower low, showing that selling pressure is still building up.

We expect further downside and a test of the demand zone at 90, and then towards the bottom of the range.

If the price pulls back earlier in the coming week, we can expect a pullback towards 90.6 - 90.8 minor supply zone to sell again.

Otherwise, If the price breaks above 90.8, we could expect a further pullback towards 91.4.
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