tradersvision

Dollar Index - Short Term Trend H1_Update_1

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
173 views
0
In my last (first) analysis of this instrument I stated: ...this short term trend might be broken to the downside once support 1 and the trendline is broken.... Well, that is what happened on the 2nd attack on this points mentioned before. Of course, like most of the time, not before testing resistance labeled 1 before going down. So far so good, but now it needs to clear support 2 in order to reach the first target at the last low 78.60 - from there I would expect a bounce to at least 79.32 which represents the 23.6% Fibo-Retracement Linie. Let us see how it plays out. Until now, the price is right on track to reach the projected target.

Comments