Hi traders and welcome to my channel ...
DXY still in the downtrend but It wants to break the channel and as you can see we have the head and shoulders pattern complete and DXY touched the static resistance at the level of 90.951…
It has the potential to grow to the next level of weekly resistance at a level of 91.746 and more ...
if DXY can’t break the resistance of 90.951 ...it's going to drop more and we have a daily support area from the past at a level of 89.407 and I think we have consolidation in that area.
All info can be found in my chart.
Good luck guys and be careful
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
DXY still in the downtrend but It wants to break the channel and as you can see we have the head and shoulders pattern complete and DXY touched the static resistance at the level of 90.951…
It has the potential to grow to the next level of weekly resistance at a level of 91.746 and more ...
if DXY can’t break the resistance of 90.951 ...it's going to drop more and we have a daily support area from the past at a level of 89.407 and I think we have consolidation in that area.
All info can be found in my chart.
Good luck guys and be careful
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only