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neilharveyg
Feb 21, 2018 12:05 AM

DXY Daily Trendline Resistance Up Ahead! 

U.S. Dollar Currency IndexTVC

Description

Heavy bullish follow-through yesterday
for the entire day. Daily price action was stopped out
on a trendline resistance and 23.60% fib retracement

I would expect a correction to happen today, both the
hourly tf prints oversold levels and price just sits on
the Daily R2 Level.

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Dollar has been in a pressure lately, technically speaking the dollar is in a downtrend. I'm still not interesting in buying it. Last week's price action wasn't able to take down the previous week's high. This week, price action will probably perforate the double bottom it printed this month.

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