DXY | Dollar Index | The price has chances to move down again

DXY | Dollar Index | The price has chances to move down again

After yesterday's CPI data that came out higher that expected DXY bounced
very strong by testing the higher resistance price levels.

However all of this was created because the market is focused on the FOMC
expectations related to the Interest Rate Hikes.

So actually the market is pricing in 75 bps as long as inflation it is not good at all.

But will that happen?

Technical perspective:
Price is testing the first resistance area; as long as it is stopped there we can see the
price move down again.
However, we need to see any reversal signal as the price can also keep moving higher.

Thank you and Good Luck!