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MissC_FX

DXY to new LOWs

U.S. Dollar Index (TVC:DXY)  
MissC_FX  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Fundamental Analysis DXY dxyshort dxyanalysis dxyforecast weeklymarketsanalysis Technical Analysis priceaction prediction
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trendanalysis chartpattern fundamental dxy dxyshort dxyanalysis dxyforecast weeklymarketsanalysis technicalanalysis priceaction prediction
On the Weekly chart, DXY is nearly touching the old low of 89.200 potentially reaching a historical low of 88.250. In this chart, the DXY beautifully rejected from the 78.6% level on the fib, creating a strong momentum to the downside. I expect to reach new lows as inflation in the US is still rising and the FED policy has not yet been changed. We should look on the EU and GU but also at the other dollar related FX pairs for future upward movements.
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