After a strong general upmove from the US Dollar, this pair has been going sideways in a resistance zone.
With the MACD pointing to a bearish move, I consider it a good position to short with a target of 0.9975.
DXY weekly has broken out of the horizontal resistance, went up for another candle, and last week went down to the broken resistance to retest it as a support. This week will be the deciding time frame as likely the direction of the USD will be determined for months to come.
With the MACD pointing to a bearish move, I consider it a good position to short with a target of 0.9975.
DXY weekly has broken out of the horizontal resistance, went up for another candle, and last week went down to the broken resistance to retest it as a support. This week will be the deciding time frame as likely the direction of the USD will be determined for months to come.
Comment:
Eventually haha