ITSCRYPTO1

DXY UPDATE

Short
TVC:DXY   U.S. Dollar Index
Taking a look at DXY on the daily TF price is rejecting the 110 Psyc level with two pins through the zone and closing back below, this could indicate price exhaustion and profit taking from buyers - since the recent rally and new HH formation. On the 4h TF we can identify the market has just bounced from 109.400 in confluence with the ascending 4H trendline and 0.618 fib and is currently filling the in the GAP. However i have a close eye on the 110 handle if price fails to break this zone i favour a corrective move on DXY - monitoring closely.
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