FlowState

dxy approaching resistance, potential drop!

Short
TVC:DXY   U.S. Dollar Index
DXY is approaching our first resistance at 96.75 (horizontal pullback resistance, 100% & 61.8% Fibonacci extension, 50% & 38.2%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 96.28(50% Fibonacci retracement , Horizontal swing low support)

Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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