DXY Next Move

As we expected, dollar index got strengthened and had a good growth to the last week’s high (92.800).

Currently, price has been rejected by the Weekly High and is being pushed to the downside.

There is a support level around 92.500 which is also equal to 38% of fibonacci retrace level.

I expect a fall and a retrace to 92.500 for now and then we should see how price reacts to this support level:

1. If price breaks this level to the downside, we can expect more fall around (92.00 - 91.95)
2. If price got rejected by this level, we can expect a rise again and an upside breakout on the Weekly High for more growth around the next resistance level at 93.150