Dollar DXY Pre-FOMC Short!

Overview:

USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD.

Looking analytically at DXY on Daily, price is ranging inside a Captioned Sell-Zone. Taking Bears approach due to Captioned-zone, a rejection to the downside is expected from Captioned-ceiling (99.179 | 99.091) through 98.565 for test, and possibly further rejection to the downside.

Failure to find Support at 98.294 | 98.105 zone should have DXY at Zone of interest.




Note: Idea is to complement your research.


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