DXY | Time For A Correction or a Bearish Move?

DXY | Time For A Correction or a Bearish Move?

The price broke down of the triangle pattern and this is adding the
chances for more bearish price development.

Also after FOMC, the market didn't show any strong interest for a stronger USD.

This is increasing the chances for more bearish development considering the fact
that we don't have any news event yet from FED during this month.

On the other hand, all the major movements were already done during FOMC.

So the price can correct lower during these weeks.

Targets:
🎯 103.575
🎯 103.103
🎯 102.288


Thank you and Good Luck!

Comentário:

DXY - the price continues to transform ... Be careful and we can never know how it might end.