DXY looks to have found resistance on the Daily and 4H, with bullish divergence. This indicates USD may be getting strong and ready to reverse to go long for a bull run. I'll be looking for sells on EU and maybe GU.
D: Uptrend, passed -61.8 @ previous support resistance
4H: Uptrend, retraced to 61.8 and broke above resistance. Bearish divergence.
1H: Uptrend, retraced to 38.2 and broke above resistance. Bearish divergence.
CURRENTLY: I'm looking for price to go a little more to retest trendline @ -27 on 1H FIB
I'm really looking for a sell, seeing if price will short to previous resistance
~60 - 120 pips
D: Uptrend, passed -61.8 @ previous support resistance
4H: Uptrend, retraced to 61.8 and broke above resistance. Bearish divergence.
1H: Uptrend, retraced to 38.2 and broke above resistance. Bearish divergence.
CURRENTLY: I'm looking for price to go a little more to retest trendline @ -27 on 1H FIB
I'm really looking for a sell, seeing if price will short to previous resistance
~60 - 120 pips
Trade closed: target reached