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JoeChampion

DXY:USD continues weakening

Short
U.S. Dollar Index (TVC:DXY)  
JoeChampion  
TVC:DXY   U.S. Dollar Index
Trend Analysis Beyond Technical Analysis Fundamental Analysis DXY USD SELL short Bearish Patterns Technical Analysis FOMC Contains image
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trendanalysis beyondta fundamental dxy usd sell short bearish technicalanalysis fomc containsimage
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 104.3 zone. since the last FOMC USD have showed a strong bearish momentum. first of all there was a soft rate hike of 25 bps and secondly in the speech after the meeting fed Powell didn't showed any intents for further rate hikes which is considered dovish. Technically if we get any extending pullbacks from 102 support we can see a strong selling opportunity around 104.3 zone support and resistance zone at the major trend.
trade safe, Joe.
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