Dollar Index (DXY): Bad NFP & Bearish Outlook Explained 💵
It turned out that we got very bad NFP release, yesterday.
Dollar Index immediately reacted, and the market formed a huge bearish candle on a daily.
With one single candle, the Index successful broken a support of a wide horizontal range.
It is a sign of a confirmed bearish reversal.
The index will most likely drop to 104.5 support soon.
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