peterbhc

DXY Watch for reversal

Short
TVC:DXY   U.S. Dollar Index
Weekly indicators are very elevated. Watch for a reversal at the resistance trendlines.

A breakout above and test S/R flip would indicate higher levels, but the indicators would need more time to recover before exposing higher levels. Watch for a pullback here and cash flow returning back into the market.

Good Luck
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