OptimoomFX

DXY- Dollar bears should be very careful now!

Long
TVC:DXY   U.S. Dollar Currency Index
I was pretty bearish USD till now and I wasn't disappointed by now and although in the long run I maintain my bearish outlook on DXY , at this point a drastic correction can be just around the corner.
With DXY approaching a strong support and old congestion zone around 89, I think Dollar bears should be very careful.
From the risk point of view also I can't see a favorable trade on the short side so, in my opinion, we should look to buy USD especially with NZD,AUD and CAD
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Comments

Same here:) thank you
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