Trade scenario 1: Overall we are still technically bearish as long as we are below 110.000 but DXY has shown to be very bullish.
I am sticking to a bearish outlook because we have multiple levels of resistance and the technicals show that a short scenario is closer to happening than a long scenario.
Look for lower highs below 110.000 to enter short on.
Trade scenario 2: For us to enter long we need to see a break of resistance at 110.000 and also 110.300 where we have seen multiple fakeouts in the past.
We will enter long when price action forms a higher low above these levels.