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viranp33
Feb 6, 2022 8:40 PM

DXY - An overlook for the week ahead 

U.S. Dollar Currency IndexTVC

Description

So after last weeks slump in the Dollar, we finished off below a monthly zone that I have down as a key level.

Overall, the weekly is still slightly bullish and even cautious. I would start to change sentiment if we drop and close below the 95.000 region.

I envisage a small recovery to the 95.900 zone market on the chart where I will monitor for strength. I imagine the early part of the week being somewhat of a shakeout of traders who are LONG on EUR and GBP as a result of the momentary Dollar weakness.

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Comments
UnknownUnicorn493766
interesting
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