ACROFX
Short

A top in DXY?

INDEX:DXY   US DOLLAR CURRENCY INDEX
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After a massive run last couple of weeks (11), we have now seen a shorter trend with lower highs and lowers lows in 4H timeframe.

Currently we are testing earlier support level around 85.40 to 85.60 as resistance. If DXY rejects from current level, we might see a new low upcoming days. We believe the risk/reward is tilted on the downside for now. A possible short trade should offer a fair ratio.

Safe trading!
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