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SroshMayi
Feb 5, 2023 2:07 PM

DXY 4H (Resistance zone) Short

U.S. Dollar Currency IndexTVC

Description

DXY

now we have a strong resistance zone (103.35 and 102.905), so the price will drop from the resistance zone to 102.47 because it is a strong resistance

and this week the direction will move depending on the technical tactics,
and to be sure if DXY closes 4h candle above 103.035 then the direction for this will be bullish

but otherwise, if closes under 102.905 then it will drop to get 102.47 and 102.062

So generally as long as the price trade under the resistance zone the direction will be bearish


Pivot zone: 103.35 and 102.905
support prices: 102.478 and 102.062 & 101.586
resistance prices: 103.505 and 103.850
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