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fxtent
Apr 30, 2018 9:56 AM

DXY could go way higher. Education

U.S. Dollar Currency IndexTVC

Description

Looking at the chart, if we get a close above todays open today. Then we have regained a bullish stance for the DXY.
May + June could see the DXY rise to 100.00
I've marked off the two areas of most convincing resistance to me. So will be looking for pullbacks to sell GBP and EUR versus the dollar.

Comment

who new a red box could be so powerful. I reckon we get a pull back before testing the red areas again

Comment

This maybe the end of the pull back before the next push higher
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