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FlowState
Jan 23, 2019 8:51 AM

DXY is approaching resistance, potential drop!  Short

U.S. Dollar Currency IndexTVC

Description

DXY is approaching our first resistance at 96.38 (50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 95.73 (50% Fibonacci retracment, horizontal overlap support).
Stochastic (21,5,3) is also approaching our resistance where we might see a corresponding drop below this level.
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