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DXY UPDATE

Long
TVC:DXY   U.S. Dollar Index
Today at 17:20 GMT Fed chairmen J.Powell will make a speech volatility is expected across the markets, generally speaking on such macro economic news events the price will tend to reverse the price action from the current week to hunt liquidity, the news is usually used as a catalyst to do so. With that being said taking a look at the USD index we can identify price has been making a bearish correction since the huge rally we have recently seen. There is a strong level of4H demand identified on the chart be cautious to see a strong bounce from this zone which will of course effect all the markets . Remember the opposite correlation between BTC and USD
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