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Babsphoenix

DXY: UNDER TRIPLE PRESSURE

Short
U.S. Dollar Index (TVC:DXY)  
Babsphoenix Updated   
TVC:DXY   U.S. Dollar Index
Chart Patterns
3
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chartpattern
The dollar index is not just under horizontal resistance but also under the downward pressure of 1W MA 50 and 1D MA 100 lleading to a bearish outlook. 4H MA 100 and the floor of the green ascending channel are the major supports. If they rupture, traders can take a sell position.
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