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Closebutnotquite
Mar 14, 2023 12:09 PM

DXY unfinished business Long

U.S. Dollar Currency IndexTVC

Description

Currently, we are witnessing a manipulative move to lure bears into a trap. From a technical standpoint, I think DXY remains bullish for now.

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Even though DXY is bouncing, it's better to wait for a FED meeting next week before placing a trade. Ultimately, I think DXY will tag those numbers shown on the chart, but for now, I expect choppiness and consolidation of some sort, will update after the FED meeting.

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Buyside liquidity was taken, now I expect the price to reverse.
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