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pranaychhibber
Jul 22, 2021 6:08 AM

DXY Bulls giving a fight in a conter-trend move.  Short

U.S. Dollar Currency IndexTVC

Description

DXY is consolidating in a flag pattern. Although what generally follows is breakout on the upside but unless it gives a closing above 93.50 on the daily timeframe ,it is Short dollar for me. The daily RSI IS getting weaker, so lets see how this unfolds.

Comment

The breakdown has accelerated post the FED event. Add more shorts if it breaks 92.
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