InvestMate|DXY Declines Before Increases💵

💵DXY Declines Before Increases

💵Looking at how the dollar has behaved in recent days, it is not difficult to get the impression that we have not exhausted the full downside potential.

💵We have stopped at the first support zone.

💵I think we can stay between the nearest supports for a while.

💵Everything currently points to a continuation of the declines.

💵But I would be very careful, at any time we are eventually able to make an upward correction.

💵The support zone we are currently on was determined by the level of the 0.236 level of the entire upward wave from the 2008 bottom to the 2022 peak.

💵The lower support zone was determined on the basis of the downward wave from the 1969 peak to the 1978 bottom.

💵The resistance zone that is above us was determined by the 0.681 level of the entire downward wave from the 1969 peak to the 1978 bottom.

💵The scenario I am playing out is a slight descent between the support zones and waiting for the upside to start, to the vicinity of the resistance zones. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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