Dollar Index (DXY): Bearish Outlook For Next Week Explained 💵

Short

U.S. Dollar Index (TVC:DXY)

Updated

TVC:DXY U.S. Dollar Index

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Dollar Index broke and closed below a key horizontal daily support this week.

After the violation, the price was coiling for some time within a narrow horizontal
range on a 4H time frame.

The release of US housing data on Friday was very bearish for the Greenback.
The price violated a support of the range, giving us a strong intraday confirmation.

We may anticipate a further bearish continuation now.
Next support - 103.1

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Comment:

The market keep falling as planned

Comment:

The market is very close to the target

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