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madebyforex
Apr 29, 2020 2:19 PM

An update on my last DXY idea Short

U.S. Dollar Currency IndexTVC

Description

Updated TA from my previous post. This time on the 4H.

Sellers held 100.75 and are now fighting for 99.80. If buyers take control here then we'll see a possible technical event in the yellow box with a confluence of:

-multiple moving averages
-100.00 handle

where sellers can reject price from once again.

Biased to the downside for reasons stated previously.
Comments
madebyforex
Make sure you follow me to see how this idea plays out including fundamentals, sentiment, price action, and technical analysis. Have a great day!
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