ElenaMayi

DXY (will the Dollar fall or rise again )

Short
TVC:DXY   U.S. Dollar Index
DXY

Analyze

the bad situation because of the US debt shows that the Dollar will fall ❗️

Generally the direction is downtrend because price trade under strong support zone 102.953 - 103.737

On daily time frame as we see the last candle we have pullback candle so it means the Index under sell pressure
if the next candle open under 101.876 the only thing we have to wait is retest then we should sell Dollar until 100.703

on the 4H time frame as we see price moving between 101.876 and 102.953 since 23 of Jan , it turned out that Dollar in the terrible , so the price will moving between that zone until breaking 101.876 by 4H candle then we will sell Dollar until 100.703

support line : 101.876 , 101.252 , 100.703
resistance line:102.473 ,102.953 , 103.737

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