Nightwish
Short

DXY DIVING DEEPER

INDEX:DXY   U.S. Dollar Index
32 0 1
More down to go here. Even good NFP numbers could not do anything significant to rise USD from something that is taking shape. Daily pattern formed on Friday is clearly showing resistance at 95.30, the price was kept at 95.00 and the key level to take out remains 93.40 for double head H&S to role in. My choice is to remain bearish on USD. If daily closes below 93.40 – nothing will stop it till 88.70 and 86.70 as H&S target. Close above 95.30 invalidates this setup.
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