DXY - Short Opportunity - 4h Technical Analy
USD is running inside the descending channel. We may see another drop to retest the support level at 102.650.
The U.S. Dollar Index (DXY/USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading pairs (EUR, GBP, CAD, CHF, AUD, NZD, JPY, etc.).
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
Let me know in the comment section below if you have any questions, ideas, or thoughts...
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The U.S. Dollar Index (DXY/USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading pairs (EUR, GBP, CAD, CHF, AUD, NZD, JPY, etc.).
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
Let me know in the comment section below if you have any questions, ideas, or thoughts...
Don't forget to like and subscribe!
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