DXY- Bearish under 104.20

2023년 12월 8일

After making a low just under 100 mark in mid-July, DXY started a nice up trend and rose more than 7% in the next 2 months and reached a high of 107.20 at the beginning of October.
The attempts for a new local high failed and, at the beginning of November the index has started to fall, recently making a low at 102.50.
December's recovery is contained in a bearish continuation flag which was broken to the downside at this moment.
My outlook for the index is bearish and a new wave of selling is the most probable scenario in its case.
A daily close above 104.20, on the other hand, will put bulls in control and will change my outlook.