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FlowState
Feb 22, 2019 1:03 PM

dxy approaching resistance, potential drop! Short

U.S. Dollar Currency IndexTVC

Description

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.
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Comments
Amid_Mammad

My opinion:
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