DXY made a top of 114 and since trading in a bearish trend.
The price has been making lower lows and lower highs.
The price has also broken below the rising trendline.
The price on daily time frame has approached to 200SMA.
There is a confluence of 0.50 fib level, 200SMA and a horizontal support.
The bulls can show momentum at mentioned level.
While break below will give strength to bears.
Manage your trades accordingly.
The price has been making lower lows and lower highs.
The price has also broken below the rising trendline.
The price on daily time frame has approached to 200SMA.
There is a confluence of 0.50 fib level, 200SMA and a horizontal support.
The bulls can show momentum at mentioned level.
While break below will give strength to bears.
Manage your trades accordingly.
