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Short

Bearish mood over DXY / Dollar index

INDEX:DXY   U.S. Dollar Index
54 3 0
Expecting weakness to hang over the dollar over the next few days.

Potential supports are back down at 80.73 80.40 and a big support is lower at 79.97 area.

We are still in the same continued mood as the last published idea - as the market continues to uncover new facts of the new year - we uncover where the market wants to be - therefore we will play out each idea within its own microcosm.

This bearish mood will be cast off when we see firm support and bullish reactions at existing at the aforementioned price levels.
so the 2 TPs are done.

and it seems market is trying to build a base at these levels right now.

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so the idea is in play and most likely first 2 TPs will be hit.

as for the third one we will have to observe when price forms there.

this mood continues for as long as it wants to...until a price level it wants to.

we take it step by step.

this is like a coiled spring with energy released.

built up over the last 3 weeks.
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Clarity for this idea should come today(thursday) with the US data later in the session.

yet to see a bearish reaction to the signal given.

approach with caution.
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