Currently, price is above the last week’s and last month’s highs but it couldn’t close above the yesterday’s high (93.170) yet.
There is a strong at 93.200 which has pushed the price to the downside twice.
Moreover, shows a negative regular divergence.
If price closes above 93.170 (Daily High), I expect more rise in price to 93.400 which is a .
On the other hand, in 1H time frame, a reversal pattern is being created and if the neckline broken out and price closes below it, we can expect a fall in price around the weekly and daily levels (92.800 - 92.740) and in the case of the downside breakout on those levels, there would be more fall which can be around 92.500 (Monthly High).
Note: Daily levels are very important to us and we should always keep an eye on them to see what’s the price reaction after touching them.
I’m on the side for DXY . What about you?