Durbtrade

DXY : Critical Moment

Durbtrade Premium Updated   
ICEUS:DXY   U.S. DOLLAR CURRENCY INDEX
DXY touched a critical support trendline formed from the Feb 2018 and Jan 2021 lows,
and is now hovering just above that line.

Also, at the end of Mar 2021, DXY was rejected at the 300 EMA ,
which was previously a significant support :



Now DXY is in a tight spot between the descending 300 EMA and the critical support trendline.

I think that the next few days will be critical,
so I will be keeping an eye on this.

// Durbtrade
Comment:
Here we are :

Comment:
And here is the 1 week view, zoomed out :

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